Exhibit 1 states that the estimated fair value of the Notes was approximately $61.4 billion...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Exhibit states that the estimated fair value of the Notes was approximately $ billion as of December based on market prices for Amazons debt. Yet, Amazon carries the debt on their balance sheet at $ billion. Why? What prevents Amazon from buying back their entire longterm debt at $ billion and booking a gain of $ billion?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
