Find a recent annual report for a firm with business acquisitions (e.g., Compaq, GE). Locate the firms

Question:

Find a recent annual report for a firm with business acquisitions (e.g., Compaq, GE). Locate the firm’s consolidated statement of cash flows and answer the following:
• Does the firm employ the direct or indirect method of accounting for operating cash flows?
• How does the firm account for the balances in operating accounts (e.g., accounts receivable, inventory, accounts payable) in determining operating cash flows?
• Describe the accounting for cash paid for business acquisitions in the statement of cash flows.
• Describe the accounting for any noncontrolling subsidiary interest, acquired in-process research and development costs, and any other business combination–related items in the consolidated statement of cash flows.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...