please answer all questions asked. question states where to get information needed
Real World Case 6-10 Principal agent considerations L06-6 EDOAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, vall. dation, Indexing, and forwarding of submissions by companies and others who are required by law to file forma with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies se BDOAR to make the majority of their filings (Some foreign companies file voluntarily) Form 10-K, which includes the annual report, is required to be filed on EDGAR. The se makes this information available on the Internet. Required: 1. Access EDGAR on the Internet. The web address is www.sec.gov. 2. Search for the most recent 10-K's of Expedia, Inc., und Booking Holdings Inc. (which includes Price line). Search or scroll to find the revenue recognition note in the financial statements, 3. For each of the following types of revenue, indicate whether the amount shown in the income statement is met or "gross" (the terms used with respect to revence recognition in the chupter) and briefly explain your answer 1. Expedia's "merchant hotel model" revenues b. Priceline's Name Your Own Price services c. Priceline's "Merchant Retail Services 4. Consider your responses to a through 3e. Does it took like there is the potential for noncomparability when readers consider Expedia and Priceline? Indicate"yes" or "no" and briefly explain your answer Real World Case 6-10 Principal agent considerations L06-6 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performis automated collection, vali- dation, Indexing, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly truded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies file voluntarily) Form 10-K, which includes the annual report, is required to be filed on EDGAR. The SEC makes this information available on the Internet Required: 1. Access EDGAR on the Internet. The web address is www.sec.gov. 2. Search for the most recent 10-K's of Expedia, Inc., and Booking Holdings Inc. (which includes Price- line). Search or scroll to find the revenue recognition note in the financial statements, 3. For each of the following types of revenuo, indicato whether the amount shown in the income statement is "net" or "gross" (the terms based with respect to revenue recognition in the chapter), and briefly explain your answer 1. Expedia's "merchant hotel model" revenues b. Priceline's Name Your Own Price services Priceline's "Merchant Retail Services 4. Consider your responses to 3a through 3. Does it look like there is the potential for noncomparability when readers consider Expedia and Priceline? Indicato"yes" or "no" and briefly explain your
