Several links are provided in the Supporting Materials section, including three different organizations' financial statements plus resources on how to research and read the financial statements found on the U.S. Securities and Exchange Commission (SEC) website. These are the financial statements of the organizations you will need.

Finally, after you have had the opportunity to evaluate three different companies, give thought to why footnotes require more than numbers.

Specifically, you must address:

1. Identify the key elements of footnotes. Consider the following questions to guide your response:
   1. What information is typically included in footnotes?
   2. How do companies know what information they need to include in their financial statement footnotes?
2. Identify the purpose of footnotes. Consider the following questions to guide your response:
   1. Why are footnotes important and how are they used with financial statements?
   2. What kind of statement components are footnotes typically prepared for?
   3. Why do financial statements need supplemental information to explain numbers?
3. Evaluate different company situations and their applications of footnotes. Include three different companies. Consider the following questions to guide your response:
   1. How do the various companies utilize footnotes?
   2. How are companies' situations similar or different?

Following resources support your work:

Website: Using EDGAR to Research Investments This website explains how to research a public company's financial information and operations by reviewing the filings the company makes with the SEC.

Website: How to Read a 10-K/10-Q This website explains what a 10-K and 10-Q are and how they can be used to follow or invest in a U.S. public company.

Website: Walmart Inc. Form 10-K This is one of Walmart's annual reports, Form 10-K.

Website: Alphabet Inc. Form 10-Q This is one of Alphabet Inc.'s quarterly reports, Form 10-Q. Alphabet, Inc., is the parent company of Google.

Website: Tesla, Inc. Form 10-K This is one of Tesla, Inc.'s annual reports, Form 10-K.