Question: Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Facebook for the year ended December 31, 2019. Locate the

Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Facebook for the year ended December 31, 2019. Locate the “Consolidated Statements of Income” and “Consolidated Balance Sheets” and answer the following questions. You may also find the annual report at the company’s website.

Required:
1. What did the company report for “Revenue” in the most recent year?
2. What did the company report for “Research and development” expenses in the most recent year?
3. Did net income increase or decrease in the most recent year compared to the previous year and by how much?
4. What did the company report for total assets in the most recent year?
5. What did the company report for total liabilities in the most recent year?
6. Do assets equal liabilities plus stockholders’ equity?

Step by Step Solution

★★★★★

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 In the most recent year Facebook reported 70 697 bil... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Financial Accounting 6th Edition Questions!

The condensed statement of financial position of Laporte Corporation reports the following amounts: The common shares are currently trading for $30 per share. Laporte wants to assess the impact of...

Since the early 1990s, woodstove sales have declined from 1,200,000 units per year to approximately 100,000 units per year. The decline has occurred because of (1) stringent new federal EPA...

The major financial statements of Ten Peaks Coffee Company Inc. from its 2013 annual report are included in Exhibits 1-11A to C. Note that its fiscal year end is December 31, 2013. Required: a. Find...

Using, EDSAR (Electronic Data Gathering. Analysis, and Retrieval system), find the annual report (10-K) for Alphabe year ended December 31, 2019. Locate the "Consolidated Statements of Cash Flows"...

i need 2, 3, 4, and 5 i cant find them on EDGAR Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Facebook for the year ended December 31,...

Using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system), find the annual report (10-K) for Facebook for the year ended December 31, 2019. Locate the Consolidated Statements of Income...

Using EDGAR (Electronic Data Gathering. Analysis, and Retrieval system), find the annual report (10-K) for Facebook for the year ended December 31, 2019. Locate the "Consolidated Statements of...

Using EDGAR ( Electronic Data Gathering, Analysis, and Retrieval system ) , find the annual report ( 1 0 - K ) for Facebook for the year ended December 3 1 , 2 0 1 9 . Locate the Consolidated...

Using EDGAR (Electronic Data Gathering. Analysis, and Retrieval system), find the annual report (10-K) for Facebook for the year ended December 31, 2019. Locate the "Consolidated Statements of...

Briefly describe the challenges a food and beverage director faces on a daily basis.

A single card is drawn from a standard 52-card deck. Let D be the event that the card drawn is a diamond, and let F be the event that the card drawn is a face card. In Problem, find the indicated...

If an investor is looking to purchase bonds that are free from default risk, which of these should be purchased? A ) Corporate bonds B ) Revenue bonds C ) Government bonds D ) Municipal bonds

Why is managing diversity important to Verizon? What are the strengths and weaknesses of Verizons approach for managing diversity? What role does learning, training, and development play in managing...

What is meant by the phrase efficient allocation of resources? What mechanism fosters the efficient allocation of resources in the United States?

Identify two important variables to be considered when making an investment decision.

Toolbox Inc.'s constant growth stocks expected dividend at the end of the year is 51.50. The stock's required rate of return is 12%, and it is selling for $30.20. Calculate the stock's anticipated...

Question 24 What is the principal invested at 6.76% compounded semi-annually from which monthly withdrawals of $450.00 can be made at the end of each month for 22.75 years? A. $61,350.13 O B....

The current yield curve for default-free zero-coupon bonds is as follows: a. What are the implied 1-year forward rates? b. Assume that the pure expectations hypothesis of the term structure is...