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Stamps held by the public and USPS revenues
In Linn's Stamp News, August 10, 2016, from the article: "Why the U.S.
Postal Service’s net losses for the year are growing" by Bill McAllister, I learned as follows: "One of the changes USPS made in the quarter was a revision to how many stamps are held by the public. That revision added $1 billion to postal revenues in the latest quarter. The Postal Service does not record postage as a revenue item until the stamp purchased is used in the mail. It notes how many stamps the public has purchased and records this number as a “deferred revenue-prepaid postage liability.” " Can anybody explain what kind of revision was the one mentioned above, and why did it add so much to the postal revenues? TIA. Victor Manta, PWO ---------------------------------------------------------------------------- Philatelic Webmasters Organization: http://pwmo.org/ Art on Stamps: http://artonstamps.org/ Romania by Stamps: http://marci-postale.com/ Communism on Stamps: http://reds-on.postalstamps.biz/ Spanish North Africa: http://www.sna-on.postalstamps.biz/ ---------------------------------------------------------------------------- |
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