Visit the Ford Motor Company Web site and review Fords 2009 annual report. You will note that

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Visit the Ford Motor Company Web site and review Ford’s 2009 annual report. You will note that Ford makes numerous investments in other companies. Prepare a brief summary of intercompany investments included by Ford (you will want to look at the financial statements and the notes).

a. Does Ford report any investments carried as trading securities, available-for-sale securities, or held-to-maturity securities? If so, summarize their significance to both the balance sheet and income statement.
b. Does Ford report any investments carried under the equity method? If so, summarize their significance to both the balance sheet and income statement. What additional disclosures, if any, are made concerning equity method investments?
c. Did Ford realize any gains or losses from security sales during 2009?
d. Has Ford tested for goodwill impairment during 2009? Did Ford experience an impairment during 2009?

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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