Question
The annual reports of Amazon.com, Inc. are available at http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-reportsannual Download Amazons most recent annual report (including financial statements and the accompanying notes) to answer
The annual reports of Amazon.com, Inc. are available at http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-reportsannual Download Amazons most recent annual report (including financial statements and the accompanying notes) to answer the following questions: a. Using the notes to the consolidated financial statements, determine Amazons revenue recognition policies. i. What are the revenue recognition criteria? ii. What are the different sources of revenue and how are the criteria applied to each? b. Give two examples in which historical cost information is reported in Amazons financial statements and related notes. Give two examples of the use of fair value information reported in either the financial statements or related notes. Discuss how this information is different in terms of decision usefulness. Your paper should be 2-3 pages in length. Include at least [two] scholarly references in addition to the course textbook. The Library is a good place to find these references. Thanks in advance!!!!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started