Choose a publicly-traded company of your choice. Locate their most recent annual report either through their company
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Question:
Choose a publicly-traded company of your choice. Locate their most recent annual report either through their company website or through sec.gov (Links to an external site.) and the Edgar database (form 10-K). Review the income statement for the last 2 years and answer the following questions:
1. If you were tasked with writing a budgeted income statement for the next year, what would that budget look like and what assumptions would you make to create it?
2. What areas are the most difficult to predict on the income statement and why?
3. Do you feel that companies should release their budgets to the public? Why or why not?
Expert Answer:
1 Master budgets can be based on historical accounting data for established companies or forecasts for new companies The accounting data is a crucial component of a master budget as it can provide his... View the full answer
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