Explain the nature of each item in the income statement

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Question 1: Choose a major publicly traded corporation, then go to the corporate's site and retrieve the information needed for this assignment. Provide information about the history of the corporation and its current product offerings. Provide a screenshot of the corporate's latest reported income statement. Organize the income statement in an Excel file to enable you to verify the arithmetic in the income statement, and explain your verifications. Also, explain the nature of each item in the income statement. At least 5 scholarly references are required which should include the corporate's site as the source of the data. In-text citations are required throughout the document. All submissions should be in one Word file.

Reference no: EM132639430

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