Locate the 2009 financial statements for The Walt Disney Company on the Internet and consider the following

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Locate the 2009 financial statements for The Walt Disney Company on the Internet and consider the following questions:
1. How well did Disney do financially during the year ended October 3, 2009? (Hint: Look at the income statement.)
2. Comment on the level of detail in Disney's balance sheet. Should there be more balance sheet categories or fewer?
3. In 2009, was Disney's net cash from operations sufficient to pay for its investments in parks, resorts, and other property and in the acquisition of other businesses?
4. Look at the notes to the financial statements. You will find 18 of them. Which ones seem to give you the most new information?
5. Find the auditor's opinion. Who is Disney's auditor? Was the 2009 audit opinion unqualified?
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...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Intermediate Accounting

ISBN: 978-1133957911

19th edition

Authors: Earl K. Stice, James D. Stice

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