The following financial highlights were drawn from the 2012 annual reports of Exxon Mobil Corporation and Apple
Question:
Even so, as of February 28, 2013, Wall Street valued Exxon Mobil at $402.9 billion and Apple at $418.6 billion.
Divide the class into groups of four or five students.
Required
Have the members of each group reach a consensus response for each of the following tasks.
Each group should elect a spokesperson to represent the group.
Group Tasks
(1) Determine the amount of expenses incurred by each company.
(2) Comment on how the concept of conservatism applies to the information presented in this case.
(3) Speculate as to why investors would be willing to pay more for Apple than ExxonMobil.
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Survey of Accounting
ISBN: 978-0077862374
4th edition
Authors: Thomas Edmonds, Christopher, Philip Olds, Frances McNair, Bor
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