Essay detailing the accounting treatment and impacts of the recently done Amazon stock split and buyback from
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Question:
Essay detailing the accounting treatment and impacts of the recently done Amazon stock split and buyback from the Bloomberg article (and any other resources you wish to use.) In your essay, include:
- A brief summary of how and why companies may use a stock split and a buyback of shares.
- Please prepare all related journal entries that Amazon will make related to the announcement.
- Construct a pro-forma statement of shareholder's equity after the journal entries and any related transactions are made. You may use the last fiscal year statement for this purpose. Yahoo Finance is a reputable site to use to gather this data or you can download directly from Apple.
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