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Determine the amounts in the accounting equation at December

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Reference no: EM132822114

Problem - Search online for Amazon's Annual Report for fiscal year 2019 that ended on December 31, 2019. Answer the following questions using the report.

a. Use Amazon's Balance Sheet to determine the amounts in the accounting equation at December 31, 2019 (in millions).

b. What were Amazon's Retained Earnings in 2018 and 2019? Is Retained Earnings a debit or a credit balance account?

c. What was Amazon' Net Income (NI) in 2019?

Reference no: EM132822114

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