Question: Access the financial statements for EADS N V for its

Access the financial statements for EADS N .V. for its year ended December 31, 2011, from the company's website (
Answer the following questions with respect to EADS N.V.
(a) What business is EADS in?
(b) Explain how the revenue related to the construction contracts is recorded. How does the company determine when revenue should be recognized on these contracts?
(c) How does the company treat probable losses on existing contracts?
(d) What are the balance sheet amounts related to this revenue recognition? What was the aggregated amount of costs and profits recognized to date? What was the gross amount due to customers and due from customers at December 31, 2011? What do these amounts represent?

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