P2-48. Collect and Use Additional Information from 10-K Use the SEC website (www.sec.gov/edgar/searchedgar/companysearch.html) to download the 2018 10-K for Facebook Inc. and answer the fo llowing questions.

a. On what date did Facebook fi le its 2018 10-K with the SEC? Compare this date to the company's fiscal year-end. Why do the two dates differ?

b. Item I of the IO-K reports the company's mission. What is its mission?

c. Who does Facebook see as its main competition? See Item I of the I 0-K.

d. As of December 3 1, 201 8, how many people worked for Facebook?

e. How many daily active users did Facebook have in December 2018? How does this compare with December 20 17?
f Many companies fi le Schedule II with the 10-K. One of the components of Schedule II is an estimate of the amount owing from customers that will not be collected (allowance for doubtful accounts).
What does Facebook report concerning this schedule? Explain.
g. Who are the company's auditors?

FACEBOOK (FB)