In your web browser, search for the investor relations page of a public company you are interested in (e.g., Papa Johns investor relations). Select SEC Filings or Annual Report or Financials to obtain the 10-K for the most recent year available.*

Required:
1. Go to the Balance Sheets and/or the Notes for the most recent year:
a. Does the company have greater than 50 percent ownership in other companies?
i. If so, what method did it use to account for its investment in the other companies?
ii. Where did you find this information?
iii. List any other companies that were acquired during the year and what was the percentage of ownership of each?
b. Does the company use the equity method for any investments?
i. If so, what disclosure does the company include about the equity method investments?
c. Does the company have any held-to-maturity investments?

2. Go to the Income Statement and/or Notes for the most recent year:
a. What did the company report as unrealized gains or losses in net income?
b. What did the company report as gains or losses from disposal of investments?
3. Go to the Statement of Comprehensive Income for the most recent year:
a. What does the company report for unrealized gains or losses?
b. What does the company report for reclassifications of net unrealized gains or losses?
4. Go to the Statement of Cash Flows for the most recent year:
a. In the operating activities section, what adjustments to net income does the company indicate related to its investments?
b. In the investing activities section:
i. What was the cash flow effect of any acquisitions of other companies?
ii. What was the cash flow effect of any disposals of investments?