I need help with a researching these following questions for amazon:
- In looking at your Income Statement, is it set up in single step or multiple step format? Why do you think they used this format?
- How has financial performance changed over the last year? What were the primary reasons for this financial change?
- How does your company recognize revenue? Please refer to the ‘Notes to the financial statements’ to verify the company’s GAAP approach to recognizing revenue.
- Does your company have any ‘Special Items’? (i.e. Discontinued Operations, Cumulative change in accounting principle and/or extraordinary item). Please identify any disclosures related to them.
- What are your company’s basic and diluted earnings per share? What elements have made this number different? (Note: If these numbers are the same, what elements in the company’s capital structure could make these numbers different?)
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