Create a graph with the net income or loss

Assignment Help Accounting Basics

Reference no: EM133474120

Case: Choose a well-known corporation and research its most current financial statements on Yahoo! Finance. The Financial Statements can be found on the toolbar heading "Financials". Be aware which financial statement you have selected and if quarterly or yearly data is displayed.

1. Company Name:

Using the Income Statement:

2. Identify the Revenue for the 4 most recent quarters.

3. Identify the Operating Income or Loss for the 4 most recent quarters.

4. Create a graph with the net income or loss for the 4 most recent quarters in the space provided.

5. Explain what it means to have a net income or net loss.

6. How do managers use income statements?

Using the Balance Sheet:

7. What are the company's total assets for the four most recent quarters?

8. What are the company's total liabilities for the four most recent quarters?

9. Using the information from questions 7 and 8, complete the accounting equation.

Reference no: EM133474120

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