For amazon 10k

The notes to the financial statements are an integral part of the financial statements that 1) provide information about the company's accounting policies; 2) provide more detailed information about information contained in the financial statements, for example, due dates and interest rates on long-term debt; and 3) provide information about items that are not included in the financial statements, but could impact the company's financial condition such as significant subsequent events and items such as potential lawsuit payouts (contingencies).

For your company, answer the following questions:

1) What does your company call inventory on the balance sheet and how much is it in the latest fiscal year? Print out the page and circle it.

2) Look at the note to the financial statements called "Significant Accounting Policies." It is usually the first or second note just after the financial statements. This note describes which accounting principles the company uses and is usually sorted in balance sheet order.

Look for the subtitle about Inventory. What method does the company use for accounting for inventory? Print out the page and circle it.