Question
1.7 points for meeting the requirements; maximum of 2 points for especially impressive work The purpose of this assignment is to familiarize you with comprehensive
1.7 points for meeting the requirements; maximum of 2 points for especially impressive work
The purpose of this assignment is to familiarize you with comprehensive income.
Please obtain the annual report (or 10-K) of any publicly traded company. You may not use a database service that provides financial statement data; you must use original financial statements. Attach a PDF document of only the financial statements needed, not the whole annual report. Highlight the relevant lines and accounts on the financial statements.
1. Choose any publicly traded company other than Tesla. Company name:
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2. Obtain the most recent annual report or 10K. Must be fiscal year 2018 or later. Max 1 point for earlier years.
3. Print out or save a PDF of the income statement and statement of comprehensive income.
4. What was net income for the most recent year? Answer and highlight or circle on the income statement. Be sure to include dollar signs and indicate whether amounts or in millions.
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5. What was comprehensive income for the most recent year? Answer and highlight or circle on the statement of comprehensive income.
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6. What was other comprehensive income for the year? Answer and highlight or circle on the statement of comprehensive income.
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7. Based on your previous three answers, complete the following
Net Income | |
Plus: OCI | |
equals: Comprehensive Income |
8. What type of items go in other comprehensive income? Answer in your own words. You can guess and speculate.
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9. Print or save a PDF of the balance sheet.
10. What were the balances in beginning and ending retained earnings? Answer and circle.
beginning retained earnings |
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ending retained earnings |
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11. What were the balances in beginning and ending accumulated other comprehensive income? Answer and circle.
beginning accumulated other comprehensive income |
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ending accumulated other comprehensive income |
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12. Print or save a PDF of the statement of owners equity.
13. Explain the changes in Retained earnings:
Beginning retained earnings | |
Plus: Net Income | |
Less: Dividends | |
Other adjustments | |
Ending retained earnings |
14. Explain the changes in Accumulated Other Comprehensive Income (AOCI).
Beginning AOCI | |
Other Comprehensive Income | |
Ending AOCI |
15. Attach or paste your marked-up financial statements. They should be in PDF format as issued by the company, not from some external database like Google or Yahoo.
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