Brookfield Asset Management 's financial statements can be found at the end of this book Instructions Refer to the company 's financial statements and accompanying notes to answer these questions (a) What business is Brookfield Asset Management in (b) What were the company 's gross revenues for the...

a Brookfield Asset Management owns and operates assets around the world focusing on property renewable energy infrastructure and private equity b Brookfield Asset Managements gross revenues in million ...

Brookfield Asset Management's financial statements can be found at the end of this book. Instructions Refer to

Question:

Brookfield Asset Management's can be found at the end of this book.
Instructions
Refer to the company's and accompanying notes to answer these questions.
(a) What business is Brookfield Asset Management in?
(b) What were the company's gross revenues for the fiscal years 2014 and 2013? What is the percentage change? Why has the company seen this result?
(c) Based on your findings in (b), comment on the company's net income/loss over the period.
(d) Review the notes to the to determine the company's revenue recognition policies. Identify the major policies, considering the nature of the business and the industry.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...