Question
Indicate on which financial statement you would find each of the preceding items using the following notations (note: an item may appear on more than
Indicate on which financial statement you would find each of the preceding items using the following notations (note: an item may appear on more than one statement):
oIS Income statement: cost of sales, net sales, income tax expense, interest expense, and other income expense
oSE Statement of stockholders' equity: Accounts Payable and retained earnings
oBS Balance sheet: Cash, inventories, accounts payable, accounts receivable
oSCF Statement of cash flow: accounts receivable, net cash provided by operating activites and net cash provided for inventing activies.
Produce an income statement for the year ending December 31, based on the com, Inc. financial statement data shown above.
Amazon.com, Inc
Income Statement (in millions)
For the year ended December 31, 2018
In millions
1.Accounts payable $16,459
2. Accounts receivable 5,612
3.Cash 14,557
4.Cost of sales 62,752
5.Income tax expense 167
6.Interest expense 210
7.Inventories 8,299
8.Net cash provided by operating activities 6,842
9.Net cash flows used for investing activities (5,065)
10.Net sales 88,988
11.Other expense 118
12.Other income 76
13.Property, plant, and other long-term assets 16,967
14.Selling, general, and administrative expenses 26,058
15.Retained earnings (Dec. 31) 2,190
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started