For the 2018 Amazon Report

3) Amazon.Com, Inc prepares its financial statements according to U.S. GAAP. Using the file labeled "Amazon" answer the following questions Required: 1. Amazon's Consolidated Balance Sheet discloses its current assets and current liabilities. a. What are the components and amounts of Amazon's current assets and current liabilities? What makes up the "and other" category for current liabilities? b. Are current assets sufficient to cover current liabilities? What is the current ratio for the year ended December 31, 2018? How does the ratio compare with the prior year? 2. Disclosure Note 1 discusses Amazon's Description of Business and Accounting Policies. This Disclosure Note indicates the amount of unredeemed gift cards that is recognized in Amazon's balance sheet. a. By how much did Amazon's unredeemed gift card liability change between December 31, 2017 and December 31, 2018? b. How would the following affect Amazon's unredeemed gift card liability indicate "increase," "decrease," or "no change for each): i. Sale of a gift card ii. Redemption of a gift card (the holder using it to acquire goods or services) Increase in breakage (unredeemed) estimated for gift cards already sold 111 3. Disclosure Note 5, 6 and 7 discusses Amazon's Debt, Other Long-Term Liabilities, & Commitments and Contingencies. a. How much is Amazon's Long-term debt for year ending December 31, 2018 with current maturities and excluding current maturities. b. What is their commercial paper program and what if any is their limit? C. Amazon has several contingencies that they have recorded. List at least two different contingencies and indicate whether it is remote, reasonably possible or probable (exclude commitments) 3) Amazon.Com, Inc prepares its financial statements according to U.S. GAAP. Using the file labeled "Amazon" answer the following questions Required: 1. Amazon's Consolidated Balance Sheet discloses its current assets and current liabilities. a. What are the components and amounts of Amazon's current assets and current liabilities? What makes up the "and other" category for current liabilities? b. Are current assets sufficient to cover current liabilities? What is the current ratio for the year ended December 31, 2018? How does the ratio compare with the prior year? 2. Disclosure Note 1 discusses Amazon's Description of Business and Accounting Policies. This Disclosure Note indicates the amount of unredeemed gift cards that is recognized in Amazon's balance sheet. a. By how much did Amazon's unredeemed gift card liability change between December 31, 2017 and December 31, 2018? b. How would the following affect Amazon's unredeemed gift card liability indicate "increase," "decrease," or "no change for each): i. Sale of a gift card ii. Redemption of a gift card (the holder using it to acquire goods or services) Increase in breakage (unredeemed) estimated for gift cards already sold 111 3. Disclosure Note 5, 6 and 7 discusses Amazon's Debt, Other Long-Term Liabilities, & Commitments and Contingencies. a. How much is Amazon's Long-term debt for year ending December 31, 2018 with current maturities and excluding current maturities. b. What is their commercial paper program and what if any is their limit? C. Amazon has several contingencies that they have recorded. List at least two different contingencies and indicate whether it is remote, reasonably possible or probable (exclude commitments)