Refer to Amazon.com, Inc.s Consolidated Balance Sheets as well as Note 1 Description of Business and Accounting
Question:
Refer to Amazon.com, Inc.‘s Consolidated Balance Sheets as well as Note 1 Description of Business and Accounting Policies, in Appendix A at the end of this book.
1. The fourth account listed on Amazon.com’s Consolidated Balance Sheet is called accounts receivable, net and other. What does the “net” mean? The “other”?
2. Refer to Note 1. What kinds of accounts receivable are included in Amazon.com, Inc. s receivables?
3. How much is the allowance for doubtful accounts in 2008 and 2007?
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Req 1 Net means net of allowance for doubtful accounts Other likely means Other ...View the full answer
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Related Book For 
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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