Visit the website of the SEC (https://www.sec.gov/edgar/searchedgar/companysearch.html). Search for the latest Form 10-K for a company you would like to analyze. Submit a short memo that
A. Includes the name and ticker symbol of the company you have chosen
B. Reviews the company’s comparative Balance Sheet to gather the following information:
i. Compare beginning and ending Assets totals, noting amount of change for the most recent period
ii. Compare beginning and ending Liabilities totals, noting amount of change for the most recent period
iii. Compare beginning and ending Equity totals, noting amount of change for the most recent period
C. State the changes identified in (A), (B), and (C) in accounting equation format. If the “change” equation does not balance, explain why not. Hint: Double-check your calculations, and if the accounting equation change still does not balance, search for notes in the company’s files about prior period adjustments, which will often explain why balances may differ.
i. Provide the web link to the company’s Form 10-K to allow accurate verification of your answers.