Obtain the 2018 Annual Report for Amazon. Answer each of the following questions. All answers can be obtained from the Annual Report (Hint: start around page 34). All questions relate to 2018.

1.) Who were the independent auditors and what was their opinion?

2.) What was the cash provided by (used in) financing activities?

3.) What was Cost of Sales? Net Income?

4.) How much were current assets? Long term debt?

5.) Describe Amazons revenue recognition policies. Refer to their general policies but also specifically describe their policies as they relate to subscription services.

6.) How do they account for inventory?

7.) Explain how they account for video and music content.

8.) What is the fair value of Total Cash, Cash equivalents and Marketable securities?

9.) What is the total long-term capital lease obligations?

10.) Find the description of legal proceedings. Pick 3 and describe the claim and the current status of the claim for each.

11.) What are their reportable segments?