In teams, select a public company that interests you. Obtain the company's most recent annual report on
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www.sec.gov/edgar/searchedgar/companysearch.html.
Based on the information in the company's most recent annual report, answer the following questions:
1. In what industry does the company operate?
2. How many years of information are reported on the company's income statement?
3. How much net income does the company report on its income statement for each year presented?
4. How much revenue does the company report on its income statement for each year presented?
5. Within the notes to the financial statements, find the note on significant accounting policies. Based on the information in this note, when does the company recognize revenue?
6. Based solely on the company's net income, has the company's performance improved, remained constant, or deteriorated over the periods presented? Briefly explain your answer.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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