Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In Google, type in: Amazon.com, Inc. - Annual reports, proxies and shareholder Upon opening this link, you will have access to a tremendous amount of

In Google, type in: Amazon.com, Inc. - Annual reports, proxies and shareholder

Upon opening this link, you will have access to a tremendous amount of information covering Amazon, including the companys 2020 annual report and the annual letter to shareholders from Mr. Bezos.

Invest time reviewing/going through the 2020 annual report, and prepare a summary list noting areas within the report, where the accounting items listed on the next page have been reported and/or disclosed. Indicate their dollar amounts when applicable.

List as many areas as you can, therefore, its important that you spend time going through the entire annual report document.

When I say the entire document, it is very lengthy, therefore I do not mean you are required to read it word for word. Instead, you should spend time going through it, diving a little deeper into areas that catch your attention.

This is intended be a fun and informative project by having you step away from your textbook and see firsthand, the amazing amount of financial information and disclosures required by a real-world company that is publicly owned and traded in the highly regulated stock market.

You will receive 25 add back points by demonstrating from your written comments and observations, that you took the time to dive into to the annual report document. The whole idea here, is to get you out of the textbook for a short-time and into a real-world companys financial matters.

1. Liabilities:

Current Liabilities

Contingencies - loss/gain

Long-term debt

2. Common stock: shares authorized, issued, outstanding, stated or par value

Treasury stock held and/or reissued

Additional paid in capital

3. Investments:

Short-term - trading, available for sale

Long-term - available for sale, held to maturity

Fair Value Adjustment Account

4. Revenue reporting methods:

Financial statements

Income tax returns

5. Earnings per share information:

Weighted number of shares

EPS Basis vs. EPS Diluted

6. Deferred Tax and Income Tax Payable

Deferred Tax Liability/Deferred Tax Asset

Income Tax Currently Payable

7. Pensions:

Pension asset

Pension liability

8. Accounting changes and/or accounting errors

9. Cash Flow

Operating Activities

Investing Activities

Financing Activities

Net increase/decrease in cash

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

Financial Accounting

Authors: Libby, Short

6th Edition

978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881

More Books

Students also viewed these Accounting questions