Last week, you examined Coca-Cola's financial statements. According to FASB standards, financial statements are made up of ten elements. This week, you will analyze the relationships between these elements, and compare your analyses with your colleagues.

Refer to pages 42 and 5859 of Intermediate Accounting, as well as the FASB website. On the FASB website, locate the list of financial statement elements by clicking the "Standards" tab, then "Concepts Statements," and finally "Concepts Statement No. 6."

Post by Day 5 at least 200 words answering the following questions:

• How are the 10 financial statement elements related to one another? How do they differ?

• Identify where each of these elements are reported in the financial statements.