Question: please help with question 10! Problem #2 American Eagle Required: Access the American Eagle 2017 Annual Report/10K (In the appendix to the textbook or obtain

please help with question 10!
please help with question 10! Problem #2 American Eagle Required: Access the

Problem #2 American Eagle Required: Access the American Eagle 2017 Annual Report/10K (In the appendix to the textbook or obtain online). Look at the financial statements and Notes to the financial statements closely and attempt to infer what kinds of information they report. Then, answer the following questions based on the Report. 1. On what day of the year does their fiscal year end (their policy in general, not just for one year)? 2. For how many years do they present complete: a. Balance Sheets b. Income Statements C. Cash Flow Statements 3. Are their financial statements audited by independent CPAS? How do you know? 4. Did their total assets increase or decrease over the last year? 5. What was the ending balance of inventories? 6. Write out their basic accounting equation in dollars at year-end. 7. Use the amounts in the financial statements to write out the retained earnings equation for the 2017 fiscal year (include effects of any stock awards and treasury reissue). 8. (a) From the Balance Sheet, compute the change in Cash from fiscal year-end 2016 to 2017 How much of the change is due to: i) Cash Flows from Operating Activities? ii) Cash Flows from Investing Activities? Cash Flows from Financing Activities? iii) American Eagle (EA) sold goods costing $1,100 to Bloomingdale's on account for $1,600 during fiscal year 2017. Prepare the (complete) journal entry to record this transaction. 10. Show (in detail) the effect of the transaction in question #9 on the balance sheet equation (if more than one account affects a category, show the effect of each account and the total effect on that category) A S/E (b)

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