Log in
Accounting
1
answer
0
watching
209
views

Using the Annual Report of Apple answer the following questions in the Discussion. Post the link to the statement with your discussion post. You may use a service such as Yahoo Finance to help research industry averages. The notes to the financial statements will also be of use in answering the discussion questions. For many of the ratios in the discussion, you will need 2-3 years' worth of financial data. Here is a possible website to use for the annual report...http://investor.apple.com/secfiling.cfm?filingid=1628280-16-20309&cik=320193

What are adjusting entries and why are they necessary?

In your chosen company, which accounts might require adjusting entries?

Why is it unethical not to record adjusting entries when required? What difference does it make?

What is the purpose of an adjusted trial balance?

Watch
1
answer
0
watching
209
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Jarrod Robel
Jarrod RobelLv2
30 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

The link below is the annual report of Apple company 2016

http://investor.apple.com/secfiling.cfm?filingID=1628280-16-20309&CIK=320193

Discuss one of the disclosures. How does this company’sdisclosure meet a particular SEC or FASB reporting and disclosurerequirement?

6.4 - Discussion: Investments

Financial Statements Analysis

Directions

Using the Annual Report of your selected company answer the following questions in the Discussion:

What depreciation method does the company use for reporting in its financial statements? Why do you think they chose this method?

What was the amount of depreciation and amortization for the year end?

Compute the asset turnover ratio for the year end.

How does this ratio compare to the industry ratio? What does this tell you about the company?

What classifications of debt and/or equity security investments does the company hold?

How are the company's available-for-sale investments reported? How are the company's trading investments reported?

Post the name of your selected company and the link to the statement with your discussion post. You may use a service such as Yahoo Finance to help research industry averages. The notes to the financial statements will also be of use in answering the discussion questions. For many of the ratios in the discussion, you will need 2-3 years' worth of financial data.

The company selected is Walmart along with the Walmart 2017 annual report.

http://s2.q4cdn.com/056532643/files/doc_financials/2017/Annual/WMT_2017_AR-(1).pdf​

Access the latest annual report, or Form 10-K, of a publicly-traded company of your choice using the company’s website or www.sec.gov. You can usually access from a company’s website by clicking on investor relations, then annual reports, and search for latest form 10K. From the SEC website (www.sec.gov), search for the selected company’s name and then search for its latest form 10-K. Using form 10-K of your selected company, answer the following questions in an essay format.

1) Identify three accounts on your selected company’s and balance sheet that provide evidence that the company utilizes accrual accounting. Ensure you provide explanations as well as the income statement account that would be affected by the adjustment process.

2) Identify and explain three income statement accounts that may result in accrual and deferrals adjusting entries.

3) Explain depreciation expense, amortization expense, accumulated depreciation, and accumulated amortization? In the financial statements and notes of your selected company, identify the four accounts. How much was each of these four accounts for the most recent year and on which financial statements were each reported?

4) What are income taxes and income tax expense (or provision for income taxes)? In the financial statements and notes of your selected company, identify cash paid for income taxes as well as income tax expense (or provision for income taxes). How much was each of these accounts for the most recent year and on which financial statements was each reported The company is COCA COLA COMPANY

http://otp.investis.com/clients/us/cocacola_company1/SEC3/sec-show.aspx?Type=html&FilingId=11881168&CIK=0000021344&Index=10000​

or

http://www.coca-colacompany.com/content/dam/journey/us/en/private/fileassets/pdf/investors/2016-AR-10-K.pdf

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in