For this week’s collaborative activity, you will review Amazon’s most recent financial statements.
Based on your analysis of Amazon’s most recent financial statements, predict whether Amazon’s financial health will likely improve or deteriorate over the next five years. Provide a rationale for your response.
Analyze the major pros and cons of a single-step income statement and a multistep income statement. Identify at least two critical items of a multistep income statement that is useful to creditors. Provide a rationale for your response.