Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help answering the following sets of questions for amazon. please see below: Set 1) a.What is the legal format of your company? (i.e.

I need help answering the following sets of questions for amazon. please see below:

Set 1)

a.What is the legal format of your company? (i.e. corporation, sole-proprietorship or partnership) and what account(s) help you identify this legal format?

b.What is your company's fiscal year?

c.What product(s) does your company sell?

d.Is your company a publicly traded company and if so, what is its stock ticker symbol and the stock exchange where it is traded?

e.Who is the independent accounting firm that last gave an audit opinion and what was their opinion?

f.What did the external auditing company have to say about your company's internal controls within the auditing statement?

g.Please go to the company's SEC site and identify the information listed in the most recent 8-K report.

h.Did you notice any differences between the company's 10-K report and their annual report? (Look at the SEC site and the company's website for this information.)

i.Are your financial statements consolidated statements? Explain.

j.Does your company issue a sustainability report or something related to it?

Set 2)

1.Within the annual report is a section called "Management's Discussion and Analysis" or MD&A. Give some selected details of this section.

2.What format was used to set up your balance sheet (Report or Account format)? Also, does the company set up the balance sheet categories as a classified balance sheet? Why do you think your company set up the balance sheet the way they did?

3.What is your company's largest current asset? What is your company's largest fixed asset? Identify two notes that help explain some of your asset accounts.

4.What is your company's largest current liability? What is your company's largest long-term liability? Identify two notes that help explain some of your liability accounts.

5.Does your company have different classes of stock? Is your company's capital structure simple or complex? Please explain. Does your company pay dividends?

Set 3)

1.In looking at your Income Statement, is it set up in single step or multiple step format? Why do you think they used this format?

2.How has financial performance changed over the last year? What were the primary reasons for this financial change?

3.How does your company recognize revenue? Please refer to the 'Notes to the financial statements' to verify the company's GAAP approach to recognizing revenue.

4.Does your company have any 'Special Items'? (i.e. Discontinued Operations, Cumulative change in accounting principle and/or extraordinary item). Please identify any disclosures related to them.

5.What are your company's basic and diluted earnings per share? What elements have made this number different? (Note: If these numbers are the same, what elements in the company's capital structure could make these numbers different?)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Multicolumn Journal

Authors: Claudia Gilbertson

10th Edition

128552845X, 9781285528458

More Books

Students also viewed these Accounting questions

Question

What does this look like?

Answered: 1 week ago