Assume that Amazon sold you a product for $300 that cost $250. The companys profit...
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Accounting
Assume that Amazon sold you a product for $300 that cost $250. The companys profit on the transaction clearly is $50. Should Amazon recognize $300 in revenue and $250 in cost of goods sold (the gross method) or should it recognize only the $50 in gross profit (the net method) as commission revenue?
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