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presented below are a set of simplified accounts and their balances, in alphabetical order, for Amazon.com. as of 12/31/16. All amounts are in millions amazon
presented below are a set of simplified accounts and their balances, in alphabetical order, for Amazon.com. as of 12/31/16. All amounts are in millions
amazon Problem C Presented below are a set of simplified accounts and their balances, in alphabetical order, for Amazon.com, Inc. as of 12/31/16. All amounts are in millions. Accounts payable Accounts receivable Accrued expenses Cash Cost of sales Fulfillment expense General and administrative expense Income tax expense Inventories Long-term debt Marketable securities Marketing expense Other long-term assets Other long-term liabilities Other non-operating expense Other operating expense Product sales I Property and equipment B Services sales Technology and content expense I Unearned revenue 25,309 8,339 13,739 19,334 88,265 17,619 2,432 1,425 11,461 7,694 6,647 7,233 8,507 12,607 680 167 94,665 29,114 41,322 16,085 4,768 Assume that the beginning balances of Retained Earnings and of Contributed Capital were $2,545 and S10,839 million, respectively, and that $3,530 of new shares were issued during the year. Required #1 : Which accounts would you expect to see on the income statement and on the balance sheet? Required #2: Re-order the income statement accounts to match the order you would expect to find them listed on the income statement. Required #3: Re-order the balance sheet accounts to match the order you would expect to find them listed on the balance sheet. Required #4: Prepare (a) an income statement for the year ending 12/31/16, (b) a statement of stockholders' equity for the year ending 12/31/16, and (c) a balance sheet at 12/31/16Step by Step Solution
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