You can review the Disney SEC Form 10-K by searching for Disney Annual Report online. REQUIR ED:
Question:
You can review the Disney SEC Form 10-K by searching for “Disney Annual Report” online.
REQUIRED:
Review the Disney Form 10-K, and answer the following questions.
a. In terms of the basic accounting equation, explain how Disney accounts for prepaid expenses. What is the dollar value of prepaid expenses on the 2015 and 2014 balance sheets?
b. In terms of the basic accounting equation, explain how Disney accounts for accrued liabilities.
c. How much cash did Disney spend for capital expenditures and dividends during the year ended September 30, 2015? How did these transactions affect the basic accounting equation? How much cash was collected from share issuance's through stock awards and how did these transactions affect the basic accounting equation?
d. What is the balance of accounts payable on Disney’s September 30, 2015, balance sheet, and how did it get there?
e. What does Disney’s management say in its management letter about its system of internal controls?
f. Why is depreciation added to net income in the operating section of the statement of cash flows, and why is the increase in accounts receivable subtracted from net income?
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Step by Step Answer:
a Disneys prepaid expenses are classified as television costs and advances According to the footnote film and television costs include capitalized production costs production overhead development cost...View the full answer
