Identify the companys four financial statements

Assignment Help Financial Accounting
Reference no: EM13884427

Case: Annual report Project

Choose a company in which you are interested, and obtain its most recent annual report online at the company's website. Click on Investor Relations; then, select Annual Report or SEC Form 10-K. (Hint: When performing a search, use "company name investor relations" to avoid the customer-oriented home page.)

1. Identify the company by writing a summary that includes the following elements:

¦ Name of the chief executive officer
¦ Location of the home office
¦ Ending date of latest fiscal year
¦ Description of the company's principal products or services
¦ Main geographic area of activity
¦ Name of the company's independent accountants (auditors). In your own words, explain what the accountants said about the company's financial statements.

2. Identify the company's four financial statements. What differences, if any, do you see in the titles given to the statements as compared to those used in the chapter? Trace the interrelationships of the statements.

3. Show that the accounting equation (Assets 5 Liabilities 1 Stockholders' Equity) is in balance for the most recent year.

Reference no: EM13884427

Questions Cloud

What names does cvs give to its basic financial statements : What names does CVS give to its four basic financial statements? What were the total revenues of CVS for the year ended December 31, 2011?
Which company is larger in terms of assets and revenues : Which company is larger in terms of assets and in terms of revenues? What do you think is the best way to measure the size of a company?
Explain access control methods and attacks : Explain access control methods and attacks
Energy equivalent to the detonation : A small atomic bomb releases energy equivalent to the detonation of 20,000 tons of TNT; a ton of TNT releases 4x10^9 J of energy when exploded. Using 2x10^13 J/mol as the energy released by fission of 235U, approximately what mass of 235U undergoe..
Identify the companys four financial statements : Identify the company's four financial statements. What differences, if any, do you see in the titles given to the statements as compared to those used in the chapter? Trace the interrelationships of the statements.
Find out the largest number from unordered array : Write assembely language program to find out the largest number from unordered array of 8bit starting at the location 0500h (offset)
Production of the two atomic bombs : During the research that led to production of the two atomic bombs used against Japan in World War II, different mechanisms for obtaining a supercritical mass of fissionable material were investigated.
What is the cell concentration of the suspension : To perform an experiment, 8 dishes of cells with 1.2 x 105 cells per dish are needed. How many ml of the suspension will be needed for the experiment? Are there enough cells?
Compute the materials and labor variances : Compute the materials and labor variances. Prepare journal entries to record the transactions involving these variances. Compute the two materials variances.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Which implies a selling price

Randell Company issues 7%, 10-year bonds with a par value of $150,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 93¼. The straight-line method is used to all..

  Equivalent production units

Equivalent production units, usually are determined for

  Determine the company''s expected growth rate

The company's retained earnings are adequate to provide the common equity portion of its capital budget. Its expected dividend next year (D1) is $3 and the current stock price is $35. Determine the company's expected growth rate?

  Why do we use this procedure

What is one of the analytical procedures commonly used when auditing accounts in the inventory and warehousing cycle? Why do we use this procedure (i.e., what does it tell us)?

  Assets was reported in the consolidated balance sheet

Potter Company acquired 90 percent of the voting common shares of Stately Corporation by issuing bonds with a par value and fair value of $121,500 to Strategy’s existing shareholders. Immediately prior to the acquisition, Potter reported total assets..

  Prepare the appropriate journal entry to record income taxes

In 2013, Ryan Management collected rent revenue for 2014 tenant occupancy. For financial reporting, the rent is recognized as income in the period earned, but for income tax reporting it is taxed when collected. The unearned portion of the rent colle..

  What are the total proceeds

On May 1, 2014, Stanton Company purchased $60,000 of Harris Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, 2014, Stanton received its first semiannual interest. On February 1, 2015, Stanton sold $50,000 of the bonds at 103 pl..

  Which inventory costing method should abc consider

ABC Company is a retailer operating in an industry that experiences inflation. ABC wants the most realistic ending inventory. Which inventory costing method should ABC consider using?

  Evaluate the missing amount

Evaluate the missing amount from each of the separate situations and What are the beginning and ending amounts of equity?

  Short description evaluation of capital expenditure

short description evaluation of capital expenditure proposal.accounting rate of i9turn payback and npv busy beaver

  In a troubled debt restructuring

In a troubled debt restructuring in which the debt is continued with modified terms, a gain should be recognized at the date of restructure, but no interest expense should be recognized over the remaining life of the debt,

  An engagement team has been established to audit yuh

an engagement team has been established to audit yuh corporation. yuh corporation engages in risking hedge fund

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd