analyze this disclosure and explain its contents and significance . Revenue We r

Question

analyze this disclosure and explain its contents and significance.

Revenue

We recognize revenue from product sales or services rendered when the following four criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable, and collectability is reasonably assured. Revenue arrangements with multiple deliverables are divided into separate units and revenue is allocated using estimated selling prices if we do not have vendor-specific objective evidence or third-party evidence of the selling prices of the deliverables. We allocate the arrangement price to each of the elements based on the estimated selling prices of each element. Estimated selling prices are management

Explanation / Answer

this is about amozon's revenue recognition, marketing strategy, treatment of allowance, deduction. How amozon use to price it's product, how it is deciding it's selling price.

how deduction and allowance will increase sales.

overall it is about strategy, polices of amazon.

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