Choose anty publicly-traded company with which you are familiar and that has not already been chosen by a classmate. Perform a web search using the name of the publicly-traded company and the phrase "investor relations."

Spend some time navigating the investor relations website of your chosen company until you locate the most recent annual report (also known as a 10-k filing). Scroll through the annual report (or 10-k filing) until you find the table of contents. The financial statements are typically in item 8. Click the page number link next to item 8.locate the company's balance sheet (aka Statement of Financial Position). Answer the following questions about your company:

1)What is the name of your company and why did you choose it?

2)Which accounts on your company's balance sheet are accrual-type accounts? What about these accounts justifies them as an accrual account?

3)Which accounts on your company's balance sheet are deferral-type accounts? What about these accounts justifies them as a deferral account?

4)Why do companies need to make adjusting entries at the end of each period? What purpose do adjusting entries serve?