Amazon.com (USA) and other e-tailers account for certain selling costs--fulfillment costs related to inventory shipping and warehousing--as part of administrative expenses, instead of as cost of goods sold.Which of the following is incorrect regarding this treatment?
A) IFRS allows this treatment as long as it's applied consistently and adequately disclosed.
B) The practice does not affect the bottom line.
C) The practice does not affect gross margins.
D) U.S.GAAP allows this treatment as long as it's applied consistently and adequately disclosed.
Correct Answer:
Verified
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