Details about a company’s liabilities appear in a number of places in the annual report. Use Amazon.com’s financial statements, including Notes 1 and 5, to answer the following questions. Amazon’s financial statements are in Appendix A at the end of this book.
Requirements
1. How much was Amazon’s long-term debt at December 31, 2009? Of this amount, how much was due within one year? How much was payable beyond one year in the future?
2. Journalize in a single entry Amazon’s interest expense for 2009. Amazon paid cash of $32 million for interest.