Connect 2-Semester Access Card for Fundamental Accounting Principles
Connect 2-Semester Access Card for Fundamental Accounting Principles
22nd Edition
ISBN: 9780077632755
Author: John Wild
Publisher: McGraw-Hill Education
Question
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Chapter 2, Problem 5BTN

Requirement-1:

To determine

To indicate: The Net Income / loss reported by Amazon for the years ended 2013, 2012 and 2011

Requirement-2:

To determine

To indicate: The Operating activities cash flows of Amazon for the years ended 2013, 2012 and 2011

Requirement-3:

To determine

To State: The reason of difference in net cash increase and operating cash flows and net income

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If an inventory is updated perpetually, which of the equations is correct? A. Cost of goods sold = Beginning inventory - Purchases - Ending inventory B. Cost of goods sold = Beginning inventory + Purchases + Ending inventory C. Ending inventory = Beginning inventory + Purchases - Cost of goods sold D. Ending inventory = Beginning inventory + Purchases + Cost of goods sold

Chapter 2 Solutions

Connect 2-Semester Access Card for Fundamental Accounting Principles

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