The SEC permits Internet resellers (i.e.,those that act as agents or brokers in a transaction)to report revenue on either a "gross" or "net" basis.

Name: The SEC permits Internet resellers (i.e.,those that act as agents or brokers in a transaction)to report revenue on either a "gross" or "net" basis.
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Question

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The SEC requires Internet resellers acting as agents or brokers to report revenue on a "net" basis, not "gross," as they do not take ownership of the goods or services.

The SEC Permits Internet Resellers (I