Question: Highlight the four most important accounting methods used for the development of each part of amazon's 2020 financial statements and explain how they are applied

Highlight the four most important accounting methods used for the development of each part of amazon's 2020 financial statements and explain how they are applied to the financial statement in question

1. Four Methods used for the development of the balance sheet,

2. Four Methods used for the development of the income statement and Four methods used for the development of the statement of cash flows. Explain them and how they are applied to the financial statement in question.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Four methods used for the development of the balance sheet a Historical cost method This method re... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

a. Stock market index information: S&P 500 (stock) index level: Nasdaq Composite (stock) index level: b. Interest rate information : Prime rate: Federal funds rate: Commercial paper rate (90 days):...

The balance sheet of Gregg Ltd at 30 June 19 X6 was expected to be as follows: All sales will be on credit, and debtors will pay their accounts two months after they have bought the goods. (iii)...

The comparative balance sheets and income statement of Piura Manufacturing follow. Additional transactions for 2010 were as follows: a. Cash dividends of $8,000 were paid. b. Equipment was acquired...

Matt Trozo formed a lawn service company as a summer job. To start the business on May 1, he deposited $2,500 in a new bank account in the name of Trozzo Lawn Service, Inc. consisting of a $1,500...

Go to Cadbury's Web site at www.cadbury.com, and find the link to its most recent annual report. Then, locate the financial statements and notes. 1. Look in the notes and find where the firm...

A lease agreement between Hebert Corporation and Russell Corporation is described in E20.3. Instructions Provide the following for Hebert Corporation, the lessor, rounding all numbers to the nearest...

1. Ryan Ross (111-11-1112), Oscar Omega (222-22-2223), Clark Carey (333-33-3334), and Kim Kardigan (444-44-4445) are equal active members in ROCK the Ages LLC. ROCK serves as agent and manager for...

DCF, accrual accounting rate of return, working capital, evaluation of performance, no income taxes. Century Lab plans to purchase a new centrifuge machine for its New Hampshire facility. The machine...

For each observation, the deviance residual measures the change in deviance from the full to the null model. Each deviance residual is the square root of the deviance goodness-of-fit statistic for...

On 1 July 2020, Harry Ltd leased a crane from Potter Ltd. The crane cost Potter Ltd $120 307, considered to be its fair value on that same day. The finance lease agreement contained the following...

Which type of strategies reduces the likelihood of further child maltreatment? mediation - centered approaches protection - focused strategies process - focused strategies risk - focused strategies

A force F is applied on the top of a cube as shown in figure. The coefficient of friction between the cube and the ground isu. If F is gradually increased, the cube will topple before sliding if (A)...

Equival Company wishes to sell truck axles to car manufacturers. The current market price of the axles is $400, and Equival knows it must accept the market price. Currently, it costs the company $330...

1. What is a liability? What is it a result of? 2. on page 12-10 know what conditions must be met before a short-term obligation may be properly excluded from the current liability classification. 3....

All sales at Heritage Company are made on credit. Experience has shown that 70% of the accounts receivable are collected in the month of the sale, 26% are collected in the month following the sale,...

In the given figure a ring of mass M=m, is kept on a horizontal surface while a body of equal mass 'm' attached through a light string, which is wounded on the ring. When the system is released the...

Use the definition of the Laplace transform to find F(s)= L{f(t)}. f(t)={0,0 t31,3 t7

For each of the following items, specify whether the information would be found in the balance sheet, the income statement, the statement of cash flows, the notes to the statements, or not at all. 1....

Uno Company has outstanding 52,000 shares of $10 par value common stock and 25,000 shares of $20 par value preferred stock (8 percent). On December 1, 2011, the board of directors voted an 8 percent...

Differentiate between cumulative and noncumulative preferred stock.

Refer to the information for Heitman Company above. Refer to Heitman Company, Heitman Company purchases 170,000 shares of treasury stock for $11 per share. Required: 1. How will this transaction...

On January 20, 2019, Spring Hope Corporation repurchases 2,600 shares of its outstanding common stock for $9 per share. On April 3, 2019, Spring Hope sells 700 shares of treasury stock for $13 per...

Cyprus Corporation issued 12,000 shares of common stock. At the beginning of the year, Cyprus held 5,000 shares of treasury stock, but it reissued 1,000 of those shares in October. On December 1,...