You are considering investing the cash you inherited from your grandfather in various stocks. You have received the annual reports of several major companies.
Required:
For each of the following items, indicate where you would locate the information in an annual report. The information may be in more than one location.
1. Total current assets.
2. Amount of debt principal repaid during the year.
3. Summary of significant accounting policies.
4. Cash received from sales of noncurrent assets.
5. Amount of dividends paid during the year.
6. Short-term obligations.
7. Date of the statement of financial position.