On December 31, 2011, ExxonMobil, the large petroleum company, reported total assets of $331,052 million and annual net income of $41,060 million. On the same date, Dayton Service Stations, Inc., operator of six gas stations in Dallas, reported total assets of $926,000 and annual net income of $224,000. Read the requirements Requirement 1. Suppose both companies made an investment of $250,000 in new equipment in January 2012. Would you expect the amount of detail about the investment that each company disclosed in its financial statements to differ? Why? (Enter the percentage as a whole number.) The $250,000 investment is % of Dayton's total assets. The investment is of ExxonMobil's total assets. Therefore, the investment Companies choose what details to report based partly on to Dayton Service Stations but to ExxonMobil. Requirement 2. How would each company decide on its level of disclosure about the investment? V. The investment would be an important factor in assessing Dayton Service Stations, A key question a company must ask is whether V would find the information relevant for but it would be for assessing ExxonMobil. Dec .2011 Enche Ostende Dayton Service Station, n do como t of gas station was reported 20.000 and recome 224.000 e chool to report on o 0- 9 A em Mato. Typhosath DELL Caps Lock Ja w RUU A s DFGHJ zxcvB NM Shui