For this topic you will interpret the financial statements of a single company. It is suggested you choose one of the following companies: Apple Inc., The Coca-Cola Company, or Southwest Airlines. 

Select a company and locate the investor relations section of the company's website. Search for various public filings, such as 8-K, 11-K, S-8, and PX14A6G. Assume your supervisor has requested an interpretation of two disclosures filed by Apple, Coca-Cola, or Southwest Airlines during the most recent calendar year. In addition, your supervisor has recently learned about XBRL. They would like to know more about XBRL and how it could be helpful in analyzing the selected company's financial statements.

Develop a memo that addresses questions 1-2 below for each of the two disclosures, additionally address questions 3 and 4. Include a references with a minimum of threeexternal sources to fully support your position.

2. Describe the intent of the disclosure (i.e., why is the disclosure important to users of the company's financial statements).
4. Interpret the information provided in the disclosure by summarizing the details provided in the disclosure. In addition, discuss how an external user may use the information to make a decision regarding the investment in the company.
6. Discuss why the disclosure of this matter is deemed important enough that the SEC requires it to be disclosed outside of the annual filing of Form 10-K. Include any impact such disclosures may have on the stock value of the company.
8. Describe XBRL and how it would be used in an analysis of the company's financial statements.