RESEARCH AND ANALYSIS USING THE ANNUAL REPORT Obtain General Electric’s 2008 annual report either through the ‘‘Investor Relations’’ portion of its Web site (do a web search for GE investor relations) or go to http://www.sec.gov and click ‘‘Search for company filings’’ under ‘‘Filings and Forms

(EDGAR).’’

Required:

Answer the following questions:

. Determine the amounts in the accounting equation for the most recent year. Does it balance?

. What is the normal balance for the following accounts?

a. Current Receivables

b. Short-Term Borrowings

c. Sales of Services

d. Property, Plant, and Equipment—Net

e. Cost of Goods Sold

f. Inventories g. Provision for Income Taxes

. Identify the additional account that is most likely involved when:

a. Accounts Payable is decreased.

b. Accounts Receivables is increased.

c. Common Stock is increased.

d. Short-Term Borrowings is increased.

Case