Question: Required: Obtain The Walt Disney Companys 2018 form 10K from the Securities and Exchange web site www.sec.gov. Consider printing it out, but you may want

Required: Obtain The Walt Disney Companys 2018 form 10K from the Securities and Exchange web site www.sec.gov. Consider printing it out, but you may want to do two pages per sheet, it is long! Please answer the following questions.

General: Note that some of these general questions may require you to do a bit of online research.

  1. Which of the following forms is a required annual SEC filing?
    1. Proxy Statement
    2. 8K
    3. 10K
    4. 10Q
  2. Which of the following forms is a required quarterly SEC filing?
    1. 8K
    2. 10Q
    3. 10k
    4. Statement 14A (Proxy Statement)
  3. Which of the following forms does the SEC require to be filed at any time during the year when a company needs to announce major events that shareholders should know about?
    1. 10K
    2. Statement 14A (Proxy Statement)
    3. 10Q
    4. 8K
  4. What are US publicly traded firms required to file with the SEC when soliciting shareholder votes? This statement is useful in assessing how management is paid and potential conflict-of-interest issues with auditors. The statement includes voting procedure and information; background information about the company's nominated directors; director compensation; executive compensation; a breakdown of audit and non-audit fees paid to the auditor.
    1. Proxy statement
    2. MD&A (Managements Discussion and Analysis)
    3. Press release
    4. Statement of Retained Earnings
    5. None of the above
  5. On which stock exchange is The Walt Disney Company traded?
  6. AMEX
  7. NASDAQ
  8. NYSE
  9. Penny stocks
  1. What is the state of incorporation for The Walt Disney Company?
    1. California
    2. Delaware
    3. Florida
    4. New York
  2. Who is The Walt Disney Company external auditor?
    1. Deloitte and Touch
    2. Ernst and Young
    3. PricewaterhouseCoopers
    4. KPMG
  3. The order of information presented in a 10K is generally specified by the SEC, so it will be virtually the same for all companies filings. Based upon your review of The Walt Disney Company 10K Table of Contents, which of the following is the correct order that these major items appear?
    1. Selected financial data, management discussion, and analysis (MD&A), financial statements and auditors report, description of the business, risk factors,
    2. Description of the business, risk factors, selected financial data, management discussion and analysis (MD&A), financial statements/auditors report
    3. Financial statements and auditors report, description of the business, risk factors, selected financial data, management discussion and analysis (MD&A),
    4. Management discussion and analysis (MD&A), financial statements and auditors report, description of the business, risk factors, selected financial data
  4. What covers three financial aspects of an enterprises business liquidity, capital resources, and results of operations? It requires management to highlight favorable or unfavorable trends and to identify significant events and uncertainties that affect these three factors.
    1. Press release
    2. Proxy statement
    3. Statement of Retained Earnings
    4. MD&A (Managements Discussion and Analysis)
  5. What report provides assurance that The Walt Disney Companys financial statements are fairly stated?
    1. Report of Independent Registered Public Accounting Firm
    2. Managements Report on Internal Control over Financial Reporting
    3. Report of Independent Registered Public Accounting Firm on Internal Controls over Financial Reporting
  6. When is The Walt Disney Companys fiscal year-end for 2018?
    1. December 31st
    2. October 1st
    3. September 29th
    4. June 30th
  7. Did the Walt Disney Company get an unqualified opinion on their financial statements?
  8. Yes
  9. No
  10. According to their external auditor, did The Walt Disney Company maintain, in all material respects, effective internal control over financial reporting during 2018?
    1. Yes
    2. No
  11. Which was NOT listed as a risk factor for The Walt Disney Company in 2018?
  12. Risk of unauthorized access to data stored electronically.
  13. Existence and maintenance of intellectual property rights related to their products and services.
  14. Changes in internal controls.
  15. Sustained increases in costs of pension and postretirement benefits.
  16. Labor disputes.
  17. Who was the Chief Financial Officer of The Walt Disney Company in 2018?
    1. John Chen
    2. Mickey Mouse
    3. Maria Lagomasino
    4. Christine McCarthy
  18. What is The Walt Disney Companys services revenue for 2018 (in millions)?
    1. $59,434
    2. $46,843
    3. $50,869
    4. $55,137
  19. What is included in Other Income (net) for The Walt Disney Company for 2018 (in millions)?
    1. Gains on sales of real estate and property rights
    2. Settlement of litigation
    3. Gain related to the acquisition of BAMTech
    4. All of the above
    5. None of the above
  20. Did the Walt Disney Company report any discontinued operations in 2018?
    1. Yes
    2. No
  21. Does The Walt Disney Company have any net income(loss) attributable to non-controlling interest in 2018?
    1. Yes
    2. No
  22. What is The Walt Disney Companys 2018 Basic EPS?
  23. $5.73
  24. $8.36
  25. $5.69
  26. $8.40
  1. What was the weighted average number of common and common equivalent shares outstanding (in millions) used in the denominator of the calculation of Basic EPS for The Walt Disney Company for 2018?
  1. 1,578
  2. 1,499
  3. 1,507
  4. 1,568
  5. On which statement does The Walt Disney Company present comprehensive income?
    1. Consolidated Balance Sheet
    2. Consolidated Statement of Income
    3. Consolidated Statement of Comprehensive Income
    4. Consolidated Statement of Cash Flows
  6. What was comprehensive income (in millions) attributable to Disney for 2018?
    1. $13,425
    2. $13,029
    3. $12,598
    4. $13,066
  7. Where can The Walt Disney Companys 2018 Accumulated Other Comprehensive Loss NOT be found? Recall this is different from Comprehensive Income.
    1. Consolidated Balance Sheet
    2. Consolidated Statement of Comprehensive Income
    3. Consolidated Statement of Shareholders Equity
  8. What is a classified balance sheet?
    1. A balance sheet that has a restricted audience.
    2. A balance sheet that separates assets and liabilities into current and non-current sections.
    3. A balance sheet that classifies its year-end as 12/31.
    4. A balance sheet that only displays total assets.
  9. What is the total current asset value (in millions) on The Walt Disney Companys 2018 Consolidated Balance Sheet?
    1. $95,789
    2. $16,825
    3. $15,889
    4. $98,598
  10. The Allowance for doubtful accounts (in millions) for The Walt Disney Company for 2018 was:
    1. $192
    2. $159
    3. $143
    4. $187
  11. The value of Furniture, Fixtures, and Equipment (in millions) for The Walt Disney Company for 2018 was:
    1. $55,238
    2. $18,908
    3. $28,995
    4. $19,400
  12. Accumulated amortization on Intangible Assets (in millions) for The Walt Disney Company for 2018 was:
    1. $2,070
    2. $4,972
    3. $5,155
    4. $6,812
  13. Which of the following inventory cost flow assumptions does The Walt Disney Company use for merchandise, food, materials and supplies inventories?
    1. FIFO
    2. LIFO
    3. Moving average
    4. Specific identification
  14. What is an accumulated deficit?
    1. This occurs when a company has generated more losses than profits for a given year.
    2. This occurs when a company pays dividends during a given year.
    3. This occurs when a company has generated more losses over its life than profits.
    4. This occurs when a company pays dividends every year
  15. Does The Walt Disney Company have retained earnings or an accumulated deficit in 2018?
    1. Accumulated deficit
    2. Retained earnings
  16. How many shares of Common Stock were issued as of September 29, 2018?
    1. 4.6 billion
    2. 2.8 million
    3. 2.9 billion
    4. 319 million
  17. Does The Walt Disney Company use the direct or indirect method for its cash flow statement?
  18. Direct
  19. Indirect
  20. Which of the following financial statements can disclose information about dividends?
    1. Consolidated Statement of Cash Flows
    2. Consolidated Balance Sheet
    3. Consolidated Statement of Shareholders Equity
    4. All of the above can disclose information about dividends
  21. Why doesnt Cash Flow from Operations equal Net Income?
    1. The income statement includes non-cash items
    2. The income statement is based on accruals
    3. All of the above
    4. None of the above
  22. What is the largest single item that caused The Walt Disney Companys cash flow from operations to differ from net income in 2018?
  23. Other assets
  24. Receivables
  25. Depreciation and amortization
  26. Deferred income taxes
  27. From what category of activities did The Walt Disney Company generate the greatest amount of cash in 2018?
  28. Investing
  29. Financing
  30. Operating
  31. During 2018, The Walt Disney Company paid Common Stock dividends (in millions) of?
  32. $0
  33. $2,515
  34. $2,529
  35. $2,445
  36. Did the Walt Disney Company implement ASC 606: Revenue from Contracts with Customers during 2018?
  37. Yes
  38. No

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