InvestorsHub Logo
Followers 10
Posts 823
Boards Moderated 0
Alias Born 12/02/2012

Re: justlovethegame post# 53810

Tuesday, 04/02/2013 3:01:44 PM

Tuesday, April 02, 2013 3:01:44 PM

Post# of 80868
"Can someone with an accounting background give me an explanation of the three line(sales-discounts=net sales) reporting of sales."

I have an accounting background but won't bother with the specific
numbers since I'm no longer a shareholder.

In layman's term, it means, "This is crazy Brad's warehouse! Our prices are insanely insane. Our discounts are so steep, even our competitors can't match them! We make 'em for $1.20 and sell them for $1.00! You think our discounts are crazy? Check out our accounting methods! We hide 'em and hope they can't see 'em!"