Amazon.com, Inc. operates as an online retailer in North America and internationally. Both Amazon and third parties,
Question:
Amazon.com, Inc. operates as an online retailer in North America and internationally. Both Amazon and third parties, via the Amazon.com Web site, sell products across various product categories. The following items were adapted from the annual report of Amazon.com for the period ending December 31, 2008:
In millions
1. Accounts payable …………………………….....… $ 4,687
2. Accounts receivable…………………………............ 1,031
3. Intangible assets………………………...........….……… 598
4. Interest expense………………………………….………… 71
5. Inventories…………………………………………….…… 1,399
6. Cost of sales……………………………………………..… 14,896
7. Selling general and administrative expenses…. 3,428
8. Income tax expense……………………………............... 247
9. Net cash provided by operating activities……… 1,697
10. Net cash flows used for investing activities….. 1,199
11. Net sales……………………………………….…………... 19,166
12. Other income…………………………………................ 121
13. Property, plant, and equipment………………..... 854
14. Purchase of capital stock……………………..........… 89
15. Retained earnings (Jan. 1, 2008)……………...… (1,375)
Using the following notations, indicate on which financial statement you would find each of the preceding items. (Note: An item may appear on more than one statement.)
IS Income statement
RE Retained earnings statement
BS Balance sheet
SCF Statement of cash flows
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