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Amazon, the multinational e-commerce giant, has reported a total revenue of $100 billion for the fiscal year 2023. Considering Amazon's diverse business segments including e-commerce,
Amazon, the multinational e-commerce giant, has reported a total revenue of $100 billion for the fiscal year 2023. Considering Amazon's diverse business segments including e-commerce, cloud services, and media streaming, discuss in detail when Amazon should recognize this revenue according to the revenue recognition principle. Elaborate on the specific criteria and timing involved in recognizing revenue for each business segment, and how it aligns with generally accepted accounting principles (GAAP).
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