Locate BP's 2010 annual report in the link below and answer the following questions. Most of the questions come from Management Discussion on pages 34-39, the financial statements, and notes to the financial statements #2, #37, & #44. There is a Table of Contents at the beginning of the annual report with links to all major sections.

https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-annual-report-and-form-20f-2010.pdf9

1.How long did it take to conclude that the "well-kill operations had successfully killed the annulus?"

2.On what date were all response activities at the Maconda site completed (with the recovery of the buoy and anchor system for the free-standing riser)?

3.What was the amount of the pre-tax charge to income in relation to the spill?

4.Briefly describe BP's response to the clean-up efforts. Include indications of the magnitude of the response such as number of personnel, vessels, etc. involved.

5.Who was the company's auditor for 2010?What audit opinion did BP receive?What did the audit report say about the Gulf of Mexico oil spill?

6.On page 146 at the bottom of the income statement, BP reports Earnings per Share as "Basic" and "Diluted." What is meant by "diluted" and what does it mean that both measures result in the same number (19.81)?

7.In its 2010 financial statements, did BP include any contingent liabilities related to the spill?Why or why not?

8.At the time it filed it's 2010 financial statements, how many civil lawsuits was BP facing as it relates to the Gulf of Mexico oil spill?

9.In your own words, describe the "contingent asset" discussed in Note 44 to the financial statements.

10.If BP management contacted you in 2011 asking you to conduct its audit, what factors would you consider?Would you take the job?