Topic 2:

In Week 1 you examined the four basic financial statements for a publicly traded corporation. You used the search tool here: http://sec.gov/edgar/searchedgar/companysearch.html.

Answer the ten questions you asked about the financial statements. For the questions you are unsure about, provide a possible method for determining the answer (additional research, etc.). Help other students with questions they are unable to answer.

Below is a list of my 10 questions:

1. Which accounting standard company follows?

2. What is the difference between basic and diluted earnings per share?

3. What is other comprehensive income?

4. What are deferred tax assets?

5. What is share based compensation expense.

6. Difference between the operating, financial and investing activities.

7. What are included in cash equivalents?

8. What is the difference between the goodwill and acquired intangible assets?

9. What are unrealized gains and losses?

10. What is share based compensation?