Access EDGAR online (www.SEC.gov) and locate the 10-K report of Amazon.com (ticker AMZN) filed on January 24,

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Access EDGAR online (www.SEC.gov) and locate the 10-K report of Amazon.com (ticker AMZN) filed on January 24, 2002. Review its financial statements reported for fiscal years ended 1999, 2000, and 2001 to answer the following questions:

Required 1. What are the amounts of its net losses reported for each of these three years?

2. Does Amazon’s operations provide cash or use cash for each of these three years?

3. If Amazon has a 2000 net loss and a net use of cash in operations in 2000, how is it possible that its cash balance at December 31, 2000, shows an increase relative to its balance at January 1, 2000?

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Fundamental Accounting Principles

ISBN: 9780072946604

17th Edition

Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta

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