Amazon acquisition of Whole Foods- Bonus Work The purpose of this project is to apply the concepts
Question:
Amazon acquisition of Whole Foods- Bonus Work The purpose of this project is to apply the concepts learnt in the Advance Accounting course to analyze the information in real world consolidated financial statements. Amazon.Com, Inc. acquired Whole Foods Market on August 28 2017. The form 10-k of Amazon.com, Inc. and Whole Foods for the year has been provided for your convenience. Refer to the provided form 10-K and other appropriate sources of information to answer the following questions: 1. What was the purchase price of the acquisition? What was the consideration transferred by Amazon to the owners of Whole foods? How was the purchase price allocated to various assets (both tangible and intangible) and liabilities? (3 points)
2. Did Whole foods dissolve after the acquisition? What might have been the journal entry recorded by Amazon to record the acquisition of Whole Foods on August 28 2017? (3 points)
3. What disclosure has amazon made about variable interest entities? (2 points)
4. Did the materials learnt in the course help you to better understand the consolidated financial information? How/what aspects? (2 Points. No right or wrong answers)
Use Whole foods 2017 10k, Amazon 2017 10k, and use Amazon 2018 10k for reference
Foundations Of Business
ISBN: 9780357717943
7th Edition
Authors: William M. Pride, Robert J. Hughes, Jack R. Kapoor