Amazon.com, Inc.s financial statements are presented in Appendix D. Financial statements for Wal-Mart Stores, Inc. are presented
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Instructions
Based on information contained in these financial statements, determine the following for each company.
1. (a) Increase (decrease) in interest expense from 2010 to 2011.
(b) Increase (decrease) in net income from 2010 to 2011.
(c) Increase (decrease) in cash flow from operations from 2010 to 2011.
2. Cash flow from operations and net income for each company is different. What are some possible reasons for these differences?
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...
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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