You are considering investing the cash gifts you received for graduation in shares of various companies. You

Question:

You are considering investing the cash gifts you received for graduation in shares of various companies. You visit the websites of major companies, searching for relevant information.

Required:

For each of the following, indicate where you would locate the information in an annual report (Hint: The information may be in more than one location):

1. The detail on major classifications of long-lived assets.

2. The accounting method(s) used for financial reporting purposes.

3. Whether the company has had any capital expenditures for the year.

4. Net amount of property, plant, and equipment.

5. Policies on amortizing intangibles.

6. Depreciation expense.

7. Any significant gains or losses on disposals of long-lived assets.

8. Accumulated depreciation of property, plant, and equipment at the end of the last fiscal year.

9. The amount of assets written off as impaired during the year.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780070001497

4th Canadian Edition

Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby

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