ACCOUNTING 202 DUE DATE: Sunday, January 29 (11:59 P.M.) ANNUAL REPORT PROJECT STUDENT NAME: General project instructions: Please read this document carefully, if you submit the assignment incorrectly and are asked to resubmit it for any reason, it will be considered as at least one day late. Complete this document using the annual report that you downloaded for Part 1. Do not create a new or separate document; just complete the one I provide. Almost all the information for this project should come from your companys annual report. Throughout all the parts of the project, information is requested from specific pages in the annual report. You will need to take a readable screenshot or picture of the page(s) requested and insert it in this document where requested. If you need help taking a screenshot please watch this video: https://youtu.be/EoTpIYLBtKs If you need help cropping, or sizing, a screenshot please watch this video: https://youtu.be/BkeBauCpuUg When a question asks you to explain, describe, analyze, etc., use complete sentences and well-organized paragraphs.

Part 2 (20 pts.) (Use the same company from Part 1.)

Name of company chosen: ________General Motors_________________________ (You will use the same company for all parts of the project)

Year of the annual report: ______the year ended December, 31 2015________

CHAPTER 8: LONG-TERM ASSETS

A. THE BASICS

Use the companys balance sheet in your annual report that you identified in Part 1.

Balance sheet date: __________________ Page on which balance sheet appears: _________

(Insert a readable screen shot of the balance sheet here.)

1. The accounting equation is Assets = Liabilities + Stockholders Equity. Replacing the words in the accounting equation with dollar amounts; give the companys accounting equation at the end of the current and prior years of the annual report. Assets = Liabilities + Equity Annual Report:

Current year: _______________ = ______________ _______________

Annual Report: Previous year: _______________ = ______________ _______________

2. List the categories, or sections, of the Asset area on the balance sheet. (Do not list each line item. A screen shot does not replace listing them.):

3. Property, plant and equipment

Refer to the notes of the financial statements in the annual report that you identified in Part 1. The note, Summary of Significant Accounting Policies, should provide information about the companys depreciation and amortization methods. You will also need to refer to the other notes to the financial statements and to the financial statements themselves in order to answer the questions in all parts of this project.

IMPORTANT: Indicate the page number in which the information was found and insert a screen shot below the question.

a. What depreciation method does the company use? Page No._____

____________________________________________ (Insert readable screen shot here that shows your answer.)

b. What is the amount of depreciation and amortization expense for the current year? Page No._____

(Hint: Look at the operating activities section of the cash flow statement if the indirect method was used.)

Annual Report: Current year $ __________________ Previous year $ ___________________ (Insert readable screen shot here that shows your answer.)

4. Intangible assets a.

Does the company have any intangible assets? If so, list them here. (A screen shot does not replace listing them.) Page No. _____

(Insert readable screen shot here that shows your answer.)

b. Does the company report any goodwill? ______ Page No._____

What is the amount? __________________

(Insert readable screen shot here that shows your answer.)

B. FURTHER ANALYSIS

Compare the current year ratios.

1. Using the formula given in the textbook, calculate the following for the past two years: Show your computations.

You will find prior years amounts in the Five-Year Summary of Selected Financial Data that you found in Part 1.

Annual Report Current Year Previous Year

a. Total Asset turnover: ___________ __________

b. Explain what information this ratio provides. Why do we use it?

c. How do the results for your company compare by year? Explain and give possible reasons for what youve found. (at least one paragraph)

C. INFORMATION FOR DECISION MAKING

1. Answer the following questions using the companys balance sheet in the annual report:

a. In which plant asset does the company have the largest dollar amount invested? Page No._____

b. In total dollar amounts, are the companys assets primarily short-term (current) or long-term? Page No._____ How to submit this assignment: Complete and submit this document in Canvas on or before the due date. Do not create a new document.

ACCOUNTING 202 ACC Gm ARP Part 2- Microsoft Vcrrl AaB AaBbCo AaBbCc Heading Title Subtil General project instructions: Please read this document catejili, if you 5Abm the assignment in y and are ashed to resubmit trfor any reason, tr be consldered asatteast one dayfate Complete this do Lal report that ded for Part Do tot reate anew or separate document just complete the orelprovide. Almost alltba information fortbisproject should come fromyour company annual report. Throughout all the parts oftheproject, informationisrequested from pecificpages in the annual report. You wi need to take a ot or picture of the page quested and insertit in adable this do where requested edhely laking watch ed help rropping. hotpl when a question asks y explain de aualyze, use cucuplelesenlerices well organized paragraphs Part 2 (20 pts.) see the same company from Part 1 Name of company chosen: General Motors mou ill use the same company all parts ofthe pro Year of the annual report: the year ended De 312015 CHAPTERS TLONG TERM ASSETS HE BASICS Use ompany's balancesheet in your annual report thi ou identified Pal Balance sheet date Page on which balance sheet appears. dable he ba heel hel The ting equatinnis Asset Tiabilities Repl g the words in the nccounting equation with d ghe the company saccnunting rquntinn at the end of nrrent and prior years of the annual report. Assets abilities Equity Annual Report Current year Annual Report: Previous vear: ARP Part 2-1 (1)-M ARP Pa AaBbccD Replace Change 3:29 ENG 28.1.2011