At december 31, 2013, dustin company reported this information on its balance sheet. course hero1/21/2024 ![]() Apart from its e-commerce dominance, Amazon has expanded into various sectors and diversified its offerings. Founded by Jeff Bezos in 1994, Amazon started as an online bookstore but rapidly expanded to include various goods such as electronics, clothing, home essentials, and more. (About Amazon) Amazon is a multinational technology company that is renowned for its vast online marketplace and a wide range of products and services. ![]() ![]() Although in recent years, sign-ups to Prime have been hitting a period of slowed growth – after the company increased its cost. Amazon’s subscription service revenue was $9.66bn for the quarter ended March 31st this year – which was primarily generated through Prime subscriptions. Recently, US regulators have been applying security to how easy it is for users to cancel subscription services, with a new rule being proposed which would make it necessary for canceling to involve as few steps and signing up. The lawsuit alleges that there are 5 different pages on the website that must be navigated to cancel. In the lawsuit, the regulatory body claimed that there is a purposefully high number of steps involved in canceling a subscription, and the button to begin the process is deliberately difficult to locate. Prime has also seen slowing subscriber growth since prices were increased.Īmazon has just been hit with a lawsuit by the Federal Trade Commission (FTC) for allegedly hindering customer efforts to cancel their Amazon Prime subscriptions. ![]() Amazon made $9.66bn in subscription revenue in its most recently reported quarter, which mostly came from Prime.Amazon has been hit with a lawsuit by the FTC for making it too difficult for users to cancel their Prime subscriptions.ACCOUNT RECEIVABLE 9,450.Ī) INVESTMENT IN SUBSIDIARY 5200000 CASH 7050.AMZN: Amazon Sued by US Federal Trade Commission Other current liabilities (2487+3300) 5787.ī) P Company's Consolidated Balance Sheet On December 31, Year 1 PLANT AND EQUIPMENT (NET) $ 16,600. Non-controlling interest 935 ORDINARY SHARES $ 12,000. GOODWILL 472.Įxcess FV over carry amount of INA (1100) On December 31, Year Consolidated Balance Sheet ![]()
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