Intermediate Accounting Project

CHOOSE A PUBLIC TRADED COMPANY to your choice.

You must select a U.S. publicly traded company to research. You must obtain/download their latest Form 10K. A Form 10K is an annual report required by the U.S. Securities and Exchange Commission (SEC). Using the company's Financial Statements, the Notes to the Financial Statements, including the Management Discussion \& Analysis section of this annual report answer the questions listed below for your company. YOU CAN ALWAYS ASK ME FOR RECOMMENDATIONS ON RELEVANT COMPANIES. YOU MUST USE THE OFFICIAL 10K TO COMPLETE THIS PROJECT. DO NOT USE STATEMENTS FROM ANY OTHER SOURCE (IE. YAHOO FINANCE, ETC.) You can find this document on the company's webpage or the SEC.gov. Look for "Investor Relations" on the company website or go to SEC.gov and search for the 10K. Answer the questions below regarding your company. Your answers should be in good written form. Assume the reader (me) knows very little about the company and your goal is to write a brief overview providing high level information regarding the company. IMPORTANT: The same company may not be used by more than one student. So submit to me via email by November 10 an email titled "Project Company" both the name and ticker symbol of the company you select, as well as a second and third choice. There are thousands to choose from but those submitting earlier (based on email date/time) will more likely get their first choice. Do not begin the project until Prof Saunders replies that your selection is approved. Length of paper: 2-3 pages (be concise-summarize information)-Single Spaced-Use this format to answer the questions: Answer immediately on this form after the question so that there is a question and an answer for each item. 1. What sections are included in the 10K ? Answer 2. From item 1, "Business", how does management describe the company's business? Answer What products and /or services do they sell? Answer What do they say about competition or risks in their business? Give specific details on what management discloses and how they say the company is performing. Answer 3. From the financial statements presented how many years of financial data does the company provide? Answer What are the main areas that the company provides data? Answer 4. From item 7, "Management's Discussion and Analysis", what are the main points management discusses and what financial areas are highlighted? Answer How many years of information are provided? Answer a. What specific business challenges, risks, or market driven forces does management discuss as impacting the business? Answer b. What conclusions can you draw from this section about the company's business? Answer c. Are any items such as lawsuits or other significant risks disclosed? Answer 5. From item 7, "Management's Discussion and Analysis" locate the "Liquidity and Capital Resources" section. What are the company's major sources of capital? Answer What are its major uses of capital? Answer Are there any noteworthy or unusual items mentioned in this section? Answer What is the balance in "Cash and eash equivalents" disclosed? Answer 6. Item 8 - what accounting firm performed your company's independent audit? Answer What type of opinion did the company receive? Answer What do the auditors say about the company's system of internal control? Answer Are there any deficiencies? Answer 7. How many footnotes accompany the financial statements? Answer 8. Does the company report any subsequent events? Answer 9. Does the company report any related parties or relatedparty transactions? Answer 10. Based on your analysis, what overall conclusion would you reach concerning this company's long-term outlook? Answer Would you recommend purchasing stock in this comnanv