Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find a company's financial statements, using the EDGAR database. Use Excel to create an applicable supporting schedule and financial statement(s) that would provide an example

Find a company's financial statements, using the EDGAR database. Use Excel to create an applicable supporting schedule and financial statement(s) that would provide an example of the application of the proposed standard you selected for the company you selected. (On July 15, 2014, FASB proposed bookkeeping guidelines update with respect to improving the introduction of pay explanations.). Ex. if the standard you found included a different method to calculate inventory you would create a worksheet using that proposed inventory method and then show how that change would affected the financial statements of the company you selected from EDGAR. Please cite Resources.

ASSETS
Current assets:
Cash and cash equivalents $ 547,831 $ 52,721
Inventories 1,089,068 921,266
Other current assets 84,814 89,962
Total current assets 1,721,713 1,063,949
Operating lease right-of-use assets 1,679,054 1,202,252
Property and equipment - net 721,668 849,147
Deferred income taxes 15,428 4,762
Other assets 66,533 69,171
Total assets $ 4,204,396 $ 3,189,281

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ecological Money And Finance

Authors: Thomas Lagoarde-Segot

1st Edition

3031142314, 978-3031142314

More Books

Students also viewed these Finance questions