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

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Discussion 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.

Discussion 2:

Please respond to the following:

  • 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:

  • 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