Question: Please help me with this question answers by using the Walt Disney company annual report 2021. NOTES TO FINANCIAL STATEMENTS Summarize Disney's revenue recognition approach
Please help me with this question answers by using the Walt Disney company annual report 2021.
NOTES TO FINANCIAL STATEMENTS
- Summarize Disney's revenue recognition approach in two or three paragraphs.
- Accounts receivable- explain how Disney determines its allowance for bad debts?
INVENTORY
- A. What cost flow assumption does Disney use for its merchandise?
FILM AND TELEVISION CONTENT COSTS
- A. What changed with regard to accounting for these costs?
B. Please summarize your understanding of what Disney does when it pays the cost for producing various entertainment content?
LONG-TERM ASSETS
- A. How much cash was spent on the acquisition of various long-term assets?
B. How is depreciation and amortization determined by Disney?
C. Was any impairment recorded for any long-term asset?
- Which assets were impaired?
- How was the impairment measured?
- What acquisitions took place in the past two years and how did that impact goodwill reporting by Disney?
- What is Disney's interest rate paid on their debt? Is that debt recorded at a discount or a premium?
- What is the impact of income taxes on the financial statements? Consider the tax rate, what the major deferred tax assets/liabilities are and the transactions that cause them to be recorded.
- How much did equity-based compensation reduce net income in 2021?
- How much of Disney's liabilities are in the form of leases? Compare the amount of operating leases to finance leases.
- What assets and liabilities does Disney disclose the fair value for? How much is valued using Level 1,2, and 3 approaches.
this is the annual report for the Walt Disney company annual report 2021
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