Week 2 RA - 4. Amazon reports furniture, fixtures, and...

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1. The balance sheet format that Amazon.com used is the consolidated balance sheets in report form (p.209, A-5). 2. The company’s largest current asset is Cash and cash equivalents at the amount of $1,013 million, and the total current asset is $2,929 million. The company’s largest current liability is Accounts payable at $1.366 million, and the total of current liability is $1,929 million as of December 31, 2005. 3. 2005 2004 Current ration Total current assets 2929 2539 Total current liability 1929 1620 1.51840 3 1.5672839 5 The current ratio worsened a little bit from 2004 to 2005 by -0.04888
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Unformatted text preview: 4. Amazon reports furniture, fixtures, and equipment under Depreciation of fixed assets on page A-10 under the accumulated Depreciation of $223 which on p A-5 the balance sheet under the Deferred tax assets, long-term portion of the asset category at the amount of $223 million. 5. The cost of the companys fixed assets at December 31, 2005 was $348 million. The total amount of accumulated depreciation was $223 million. The Book value of the fixed assets was $348 million....
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This note was uploaded on 09/15/2011 for the course ACCOUNTING ACC 205 taught by Professor Stephenrussell during the Fall '11 term at Ashford University.

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