Items for Analysis: Amazon

Review the notes to the financial statements to determine if your companies disclose any contingencies and/or commitments. What are the contingencies or commitments the result of? Determine if the contingencies are remote, reasonability possible or probable. Discuss how you know the category in which the contingency is (remote, reasonability possible or probable). Include information from the note to support your findings. How does each company comply with the rules as provided in the FASB Codification?