Question: Why would amazon use adjusting entries such as deferred and accused revenues? What exactly do these 2 entries do?

Why would amazon use adjusting entries such as deferred and accused revenues? What exactly do these 2 entries do?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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!

Q:

Week 3 Discussion # 1 66 unread replies.66 replies. Define accrued expenses and revenues? Provide example... Define deferred expenses and revenues? Provide example... Why do we use adjusting entries...

Q:

Adjusting entries are needed to ensure the revenues and expenses are recorded in the correct period. There are four different types of adjusting entries required for accrual basis accounting. These...

Q:

Adjustment for accrued revenues Instructions Chart of Accounts Journal Instructions At the end of the current year, $18,540 of fees have been earned but have not been billed to clients. Journalize...

Q:

Can you give a brief definition of these vocabulary words? Accounting Identifying Recording Communicating External vs. Internal Users Ethics/Fraud triangle Generally Accepted Accounting Principles...

Q:

Solve: lorther x | ) Applications | Rapidlc X | N Dashboard * 2m Launch Meeting - Zo( X | N The Accounting Cycle X M Question 2 - The Acco X + X C 25...

Q:

hello i need the solution of attached assignment.please send me as soon as possible Acct3310 - Assignment #1 - due May 17 1. The following are all of the accounts of Mean Green Company that have a...

Q:

HELLO I NEED SOLUTION OF ATTACHED ASSIGNMENT. PLEASE HELP ME FOR THIS Acct3310 - Assignment #1 - due May 17 1. The following are all of the accounts of Mean Green Company that have a balance at the...

Q:

Indicate the financial statement on which each of the following items appears. Use I for income statement, E for statement of retained earnings, and B for balance sheet. Services Revenue Interest...

Q:

Singh Ski School A Case Analysis For this case: Complete the assignment in Excel and submit through the Blackboard dropbox. An Excel template has been posted in Blackboard. This assignment follows...

Q:

QUESTION 16 Use this narrative to answer the questions that follow J Rinaldi Software Design, an accrual basis business, engaged in the following transactions 1 in December of 2021, the company...

Q:

write a summery about the Shanghai Volkswagen Corporation company and analysis write the pros and the cons of the company which mean the good things and the bad things than you write your...

Q:

For which graphs do depth-first search and breadth-first search produce identical spanning trees no matter which vertex is selected as the root of the tree? Justify your answer.

Q:

Suppose that A, B, and C are all disjoint possible outcomes for the same random circumstance. Explain whether each of the following sets of probabilities is possible. a. P(A) 1/3, P(B) 1/3, P(C) ...

Q:

The force constant of a massless spring is 2 5 . 0 N / m . A mass of 0 . 4 5 kg is oscillating in simple harmonic motion at the end of the spring

Q:

The Housing Association Internal Audit Forum as a Promoter of Professional Internal Auditing Synopsis How one sector of internal auditors sold and marketed themselves with their organizations...

Q:

Risk and Control Environmental Issues Key Issues 1.1 Has an approved and documented environment policy been established which defines the required approach for business operations? 1.2 What measures...

Q:

Meeting New Demands Synopsis Marketing internal auditing in an organization is a must. The success of a marketing programme depends on the auditors ability to seek and create marketing opportunities...