Option #1: Financial Statements

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Option #1: Financial Statements

The annual reports of Amazon.com, Inc. are available at http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-reportsannual

Download Amazon’s most recent annual report (including financial statements and the accompanying notes) to answer the following questions:

  1. Using the notes to the consolidated financial statements, determine Amazon’s revenue recognition policies.
    1. What are the revenue recognition criteria?
    2. What are the different sources of revenue and how are the criteria applied to each?
  2. Give two examples in which historical cost information is reported in Amazon’s financial statements and related notes. Give two examples of the use of fair value information reported in either the financial statements or related notes. Discuss how this information is different in terms of decision usefulness.

Your paper should be 2-3 pages in length and conform to CSU-Global Guide to Writing and APA. Include at least [two] scholarly references in addition to the course textbook. The CSU-Global Library is a good place to find these references.