Basic accounting – Balance, liabilities, cost and income tax calculus
Other 1. The following information ($ in millions) comes from a recent annual report ofAmazon.com, Inc.: Net sales $10,711Total assets 4,363End of year balance in cash 1,022Total stockholders’ equity 431Gross profit (Sales – Cost of Sales) 2,456Net increase in cash for the year 9Operating expenses 2,067Net operating cash flow 702Other income (expense), net (12) a. […]
