Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MY Company is Adidas Please help me fast I want do years 2019-2020 about Adidas follow question, I need full answer Accountant's Report: (7 points)

image text in transcribed

MY Company is Adidas

Please help me fast

I want do years 2019-2020 about Adidas follow question, I need full answer

Accountant's Report: (7 points) 1. Who are the independent CPA's? 2. What kind of opinion did they express? 3. Should this opinion increase the reliability of the financial statements? Why? Income (Operations) Statement: (21 points) 1. Is this a comparative statement? 2. Is this a consolidated statement? 3. What is the profit margin percentage? 4. What is the effective income tax rate? 5. Are there any discontinued operations, extraordinary items, or cumulative effective changes in accounting principles (if so, what are they)? 6. Which earnings per share (EPS) are reported (descriptions and amounts)? 7. Are there any unusual items? Balance Sheet: (20 points) 1. Determine the categories of plant assets. (hint: refer to the footnotes) 2. Are there any unpaid or deferred income tax liabilities? 3. How many classes of capital stock are shown? 4. How many classes have been issued? 5. Does the stock(s) sell at or above par or stated value? 6. What percent of total assets is provided by stockholders' equity? 7. What percent of stockholders' equity is represented by retained earnings? 8. Are there any unusual items? Statement of Stockholder's Equity: (11 points) 1. What columns are presented? 2. What amount(s) are carried from the Income Statement? 3. What amount(s) are carried to the Balance Sheet? 4. What caused retained earnings to change? 5. Are there any unusual items

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

Auditing Information Security A Complete Guide

Authors: Gerardus Blokdyk

2020 Edition

1867303531, 978-1867303534

More Books

Students also viewed these Accounting questions

Question

Explain what is meant by the terms unitarism and pluralism.

Answered: 1 week ago