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prepare an accounting analysis, download the financial statements for New York Times Co class A. Recast them as needed using the nomenclature outlined in the

prepare an accounting analysis, download the financial statements for New York Times Co class A. Recast them as needed using the nomenclature outlined in the text. Recast the balance sheet, income statement, and statement of cash flows. Most of the statements will already be using the standard nomenclature, but you will need to do a little recasting. Make certain that the totals agree with the original statements as presented. Use a different tab for each statement. Finally, add a tab to write your analysis of whether you should adjust for any accounting differences or anomalies. Be certain to cite any references you use. If you determine that there are no adjustments needed, you should explain why you are not adjusting. If you determine that adjustments are needed, add additional tabs with the adjusted amounts in the financial statements. Some reasons you may need to adjust (or not) include the following: New York Times Co class A is the industry leader, and its accounting choices provide the benchmarks for that industry - no adjustments needed

  • Your company is the only one in the industry using (for example) LIFO inventory - adjust inventory using the inventory method preferred by others in the industry
  • Your company has a unique situation not addressed by others in the industry - no adjustments needed

Use the standard nomenclature with your adjustments. Upload your completed spreadsheet here

must include

Original Income statement presented

Recast income statement presented

Original balance sheet presented

Recast balance sheet presented

Original cash flow statement presented

Recast cash flow statement presented

Explanation of potential adjustments

Explanation of needed adjustments

Statements presented as adjusted to be used for further analysis

image text in transcribed
Item I. Financial Statement THE NEW YORK TIMES COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS ( December 17, 2020 June 27, 2031 (Unandited) $ 09 30.00 330371 31335 1535.00 M3 2110 8813 IR 23437 7897 815533 Aste Curses Cash and cash equivalents Short-term marketable securities Accounts receivable (net of allowances of $12.31 in 2001 and 12.2972030) Prepaid expenses Other current Total current Other Long-term marketableres Property, plant and equipment (less accumulated depreciation and amortistice of $881 633 2001 ads 1,149 in 2030) Goodwill Deferred income taxe Miscellaneous Toalets 287265 2631 si 30316 121757 SIS 319 20749 31013 2007 THE NEW YORK TIMES COMPANY CONDENSED CONSOLIDATED RALANCE SHEETS (In thousands, scept share and pershare data) December 27, 2030 Jan 27, 2021 (Landed I4NO ITS 114.160 160 4313 123,157 121,159 105, 346 1370 474 31734 155 19 403 127-98 49120 Liabilities and stockholders' quity Cument liabilities Accounts payable Accrued payroll and other related liabilities Unexpired briptions revende Accrued expenses and other Tocal current liabilities OtherBabilities Pension benefits obligation Postretirement benefits obligation Other Total other lisbilities Stockholders Common stock of 5.19 pur value Class Authorized 300.000.000 shares issued 2021-175233722020-17530,673acluding Treasury shoes 2021-7001:2030 - 3.570.01) Clan convertible ahired and immed Share: 2001-2002 200-24 Additional paid-in capital Retained earning Common stock held in tremary at cost Accumulated other comprehensive loss, but of income taxes Foreign currency translation adjustments Funded status of benefit plus Net utralized pain on available for sale securities Total accumulated other comprehensive loss, not of income taxes Total New York Times Company Meckholders' equity Nocontrolling interest Total eckholders' equity Toallibilities and solders' equity 1973 217565 17331 28 216714 1722356 (171211) 1211) 7092 412.315 17 401 444) 1416,782 356 21.600 3.131 (4101RD 1335517 1418,787 20.00 1328 111 23307,699 Item I. Financial Statement THE NEW YORK TIMES COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS ( December 17, 2020 June 27, 2031 (Unandited) $ 09 30.00 330371 31335 1535.00 M3 2110 8813 IR 23437 7897 815533 Aste Curses Cash and cash equivalents Short-term marketable securities Accounts receivable (net of allowances of $12.31 in 2001 and 12.2972030) Prepaid expenses Other current Total current Other Long-term marketableres Property, plant and equipment (less accumulated depreciation and amortistice of $881 633 2001 ads 1,149 in 2030) Goodwill Deferred income taxe Miscellaneous Toalets 287265 2631 si 30316 121757 SIS 319 20749 31013 2007 THE NEW YORK TIMES COMPANY CONDENSED CONSOLIDATED RALANCE SHEETS (In thousands, scept share and pershare data) December 27, 2030 Jan 27, 2021 (Landed I4NO ITS 114.160 160 4313 123,157 121,159 105, 346 1370 474 31734 155 19 403 127-98 49120 Liabilities and stockholders' quity Cument liabilities Accounts payable Accrued payroll and other related liabilities Unexpired briptions revende Accrued expenses and other Tocal current liabilities OtherBabilities Pension benefits obligation Postretirement benefits obligation Other Total other lisbilities Stockholders Common stock of 5.19 pur value Class Authorized 300.000.000 shares issued 2021-175233722020-17530,673acluding Treasury shoes 2021-7001:2030 - 3.570.01) Clan convertible ahired and immed Share: 2001-2002 200-24 Additional paid-in capital Retained earning Common stock held in tremary at cost Accumulated other comprehensive loss, but of income taxes Foreign currency translation adjustments Funded status of benefit plus Net utralized pain on available for sale securities Total accumulated other comprehensive loss, not of income taxes Total New York Times Company Meckholders' equity Nocontrolling interest Total eckholders' equity Toallibilities and solders' equity 1973 217565 17331 28 216714 1722356 (171211) 1211) 7092 412.315 17 401 444) 1416,782 356 21.600 3.131 (4101RD 1335517 1418,787 20.00 1328 111 23307,699

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