The Multistep Income Assignment|

Discussion 1:

Please respond to the following:

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1. For this week’s collaborative activity, you will review Amazon’s most recent financial statements.

a. 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.

Discussion 2:

Please respond to the following:

a. 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.

Discussion 3:

Please respond to the following:

a. 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.

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