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Details about a company’s liabilities appear in a number of places in the annual report. Use the 2009 Amazon.com Financial Statements handout, including Notes 1 and 5, to answer the following questions.
1. How much was Amazon’s long-term debt at December 31, 2009? Of this amount, how much was due within one year? How much was payable beyond one year in the future?
2. Journalize in a single entry Amazon’s interest expense for 2009. Amazon paid cash of $32 million for interest.
Cost Behavior; Contribution Format Income Statement [LO3, LO5] Parker Company manufactures and sells a single product. A partially completed schedule of the company’s total an
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