1. a. Who is primarily responsible for the content of the financial statements the independent auditors, management, or the companys board of directors?

b. In general terms, what measures have been undertaken by management to ensure reliability of the statements?

2. a. How many years are covered in each of the four types of comparative financial statements?

b. Were all of these statements audited? Name the auditors.

c. What were the auditors conclusions concerning these statements?

3. Toys R Us combines its statements of retained earnings with another financial statement. Where are details about changes in the amount of retained earnings found?

Answer each of the following questions and briefly explain where in the statements, notes, or other sections of the annual report you located the information used in your answer.

ANNUAL REPORT OF TOYS "R" US Intended for Uise after Chapter 8. In this appendix we present the 1995 annual report of Toys "R" Us, a publicly held corporation. This report was selected to illustrate many of the financial reporting concepts discussed in this textbook. But not all of the terminology and accounting policies appearing in this report are consistent with our text discussions. This illustrates some of the diversity that exists in financial reporting. TOSUs ANNUAL REPORT YEAR END ED JANUARY 28, 1 9S