RE:RE:RE:RE:A DUH moment for TinytotMauriceopp wrote: Tiny,
What you don't understand is the math behind it.
Please pick the following apart and
show what I don't understand and where I am mistaken.
Although it is confusing, the specials are sold twice.
The first sale is by the losing bidder to the winning bidder.
The second sale is by the winning bidder to the buyers in Antwerp.
Adding to your confusion is the fact that the money paid to the winning bidder by the losing bidder is credited (deducted) to winning bidder's Cost of Sales account, while being added to the losers' Cost of Sales account.
So assuming a $10 winning bid, after the first sale, the loser shows Sales of $10, and a Cost of Sales of $5, while the winner shows $0 Sales and a Cost of Sales of $10 minus the $5 credit from the loser, or a net Cost of Sales of $5.
Now assume that the winner breaks even and sells in Antwerp for $10, his Sales are now $10 with a Cost of Sales of $5.
Their results are exactly the same.
And if the winner happened to only be able to get $9 for the specials in Antwerp, he would show fewer Sales than the loser's $10.