The financial statements of Samsung are presented in Appendix A at the end of this textbook. The

Question:

The financial statements of Samsung are presented in Appendix A at the end of this textbook. The complete annual report, including notes to the consolidated financial statements, is available in the Investor Relations section of the company’s website, www.samsung.com.Instructions
(a) What data about cash and cash equivalents are shown in the consolidated statement of financial position?
(b) In its notes to consolidated financial statements, how does Samsung define cash equivalents?

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...