Question Part I Usethis link to access the 2018 annual report for Facebook Inc Use the annual report to answer the following questions Link for question 1 https s21 q4cdn com 399680738 files doc financials annual reports 2018 Annual Report pdf Go to Page 57 and locate the balance sheet Under current assets, what dollar value were marketable securities on Dec 31, 2017 and on Dec 31, 2018 Did the marketable securities increase or decrease What was the percentage decrease or increase (to two decimal places) Divide the marketable securities as at Dec 31, 2017 by the total assets on that same date and express you answer as a percentage to two decimal places Do the same thing for Dec 31, 2018 What is the change from 2017 to 2018 Go to page 64 to access the Notes to the Financial Statements Scroll all the way until you get to Fair Value of Financial Instruments Read the entire subsection What is an example of a marketable security would meet the level 1 input Question Part II Usethis link to access the 2018 annual report for Amazon Use the annual report to answer the following questions Link for question 2 https ir aboutamazon com static files 0f9e36b1 7e1e 4b52 be17 145dc9d8b5ec Go to Page 39 and locate the balance sheet Under current assets, what dollar value were marketable securities on Dec 31, 2017 and on Dec 31, 2018 Did the marketable securities increase or decrease What was the percentage decrease or increase (to two decimal places) Divide the marketable securities as at Dec 31, 2017 by the total assets on that same date and express you answer as a percentage to two decimal places Do the same thing for Dec 31, 2018 What is the change from 2017 to 2018 Go to page 41 to access the Notes to the Financial Statements Scroll all the way until you get to Fair Value of Financial Instruments Read the entire subsection Is the disclosure note similar to that of Facebook Sample Response The table below shows the summarized data that answers questions 1 and 2 of parts and II MARKETABLE SECURITIES (In Millions) FACEBOOK AMAZON 31 Dec 17 31 Dec 18 Marketable Securities $ 30,000 $ 36,000 Total Assets $ 168,000 $ 184,000 (Securities 1' Assets) 20 00 23 40 17 86 19 57 Page XX of annual report Page Wof annual report Change in securities (2018 2017) $ 2,000 00 (2018 2017) $ 6,000 00 Change 10 00 20 00 As seen from the table above Amazon had a larger dollar value of investments (marketable securities) for both accounting periods However as a percentage of assets, Facebook's securities were a larger proportion of its total assets for both accounting periods compared with those of Amazon In other words, although Amazon had more investments in dollars, it is a much bigger company than Facebook, and thus, the proportion of its investments to total assets were lesser than that of Facebook Question three not answered in this sample

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Question Part I:Usethis link to access the 2018 annual report for Facebook Inc. Use the annual report to answer the following questions: Link for question

Question Part I:Usethis link to access the 2018 annual report for Facebook Inc. Use the annual report to answer the following questions:

Link for question 1: https://s21.q4cdn.com/399680738/files/doc_financials/annual_reports/2018-Annual-Report.pdf

Go to Page 57 and locate the balance sheet. Under current assets, what dollar value were marketable securities on Dec 31, 2017 and on Dec 31, 2018? Did the marketable securities increase or decrease? What was the percentage decrease or increase (to two decimal places)?
Divide the marketable securities as at Dec 31, 2017 by the total assets on that same date and express you answer as a percentage to two decimal places. Do the same thing for Dec 31, 2018? What is the change from 2017 to 2018?
Go to page 64 to access the "Notes to the Financial Statements". Scroll all the way until you get to "Fair Value of Financial Instruments". Read the entire subsection.What is an example of a marketable security would meet the level 1 input?

Question Part II:Usethis link to access the 2018 annual report for Amazon. Use the annual report to answer the following questions:

Link for question 2: https://ir.aboutamazon.com/static-files/0f9e36b1-7e1e-4b52-be17-145dc9d8b5ec/

Go to Page 39 and locate the balance sheet. Under current assets, what dollar value were marketable securities on Dec 31, 2017 and on Dec 31, 2018? Did the marketable securities increase or decrease? What was the percentage decrease or increase (to two decimal places)?
Divide the marketable securities as at Dec 31, 2017 by the total assets on that same date and express you answer as a percentage to two decimal places. Do the same thing for Dec 31, 2018? What is the change from 2017 to 2018?
Go to page 41 to access the "Notes to the Financial Statements". Scroll all the way until you get to "Fair Value of Financial Instruments". Read the entire subsection.Is the disclosure note similar to that of Facebook?

Sample Response:

The table below shows the summarized data that answers questions 1 and 2 of parts | and II. MARKETABLE SECURITIES (In Millions) FACEBOOK AMAZON 31-Dec-17 31-Dec-18 Marketable Securities $ 30,000 $ 36,000 Total Assets $ 168,000 $ 184,000 (Securities 1' Assets) % 20.00% 23.40% 17.86% 19.57% Page XX of annual report Page Wof annual report Change in securities (2018 2017) $ 2,000.00 (2018 2017) $ 6,000.00 % Change 10.00% 20.00% As seen from the table above. Amazon had a larger dollar value of investments (marketable securities) for both accounting periods. However. as a percentage of assets, Facebook's securities were a larger proportion of its total assets for both accounting periods compared with those of Amazon. In other words, although Amazon had more investments in dollars, it is a much bigger company than Facebook, and thus, the proportion of its investments to total assets were lesser than that of Facebook. Question three not answered in this sample