Obtain the 2020 Annual Report for Amazon. Answer each of the following questions. All answers can be obtained from the Annual Report (Hint: start around page 40 -after the Form 10-K where the actual consolidated financial statements start). All questions relate to 2020.

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

2. How do they account for inventory?

3. Explain how they account for video and music content.

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

5. What is the total long-term lease liabilities?