Access EDGAR online (www SEC gov) and locate the 2006 year 10 K report of Amazon com (ticker AMZN) filed on February 16, 2007 Review its financial statements reported for years ended 2006, 2005, and 2004 to answer the following questions Required 1 What are the amounts of its net income or net loss...

1 The fiscal years net income or loss for Amazon are 2006 19 ...

Access EDGAR online (www.SEC.gov) and locate the 2006 year 10-K report of Amazon.com (ticker AMZN) filed on

Question:

Access EDGAR online (www.SEC.gov) and locate the 2006 year 10-K report of Amazon.com (ticker AMZN) filed on February 16, 2007. Review its reported for years ended 2006, 2005, and 2004 to answer the following questions.
Required
1. What are the amounts of its net income or net loss reported for each of these three years?
2. Does Amazon’s operations provide cash or use cash for each of these three years?
3. If Amazon has a 2005 net income, how is it possible that its cash balance at December 31, 2005, shows a decrease relative to its balance at December 31, 2004?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...