Discussion QuestionsDiscussion 1:
Please respond to the following:
- 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
- Identify and discuss the six principles of control activities. Suggest the two most important principles for an online retail business versus a brick-and-mortar retail business. Provide support for your rationale.