Question
Required : Refer to Tesla, Inc.'s 2019 Form 10K and specifically item 8, Financial Statements and Supplementary Data, which is included in the financial information
1.What section(s) of the balance sheet is cash reported? [ point]
A.What is the total amount of cash included in Tesla's December 31, 2019 balance sheet and its related components? (Hint - restricted cash is in more than one asset category.) [1 points]
B.What is the total of Tesla's restricted cash and why does Tesla report restricted cash? [You will need to read Tesla's relevant financial statement footnote, Note 2 - Summary of Significant Accounting Policies.] [1 point]
C.What comprises Tesla's reported cash and cash equivalents? [Again, you will need to read Tesla's relevant financial statement footnote, Note 2 - Summary of Significant Accounting Policies.] [1 point]
2.How much are Tesla's December 31, 2019 accounts receivable AND what comprises Tesla's accounts receivable? [Again, you will need to read Tesla's relevant financial statement footnote, Note 2 - Summary of Significant Accounting Policies.] [1 point]
A.What does "net" mean listed after accounts receivable on Tesla's balance sheet?[Again, you will need to read Tesla's relevant financial statement footnote, Note 2 - Summary of Significant Accounting Policies.] [1 point]
B.Based on the lecture of IBM's allowance for doubtful accounts, conceptually explain the main two items affecting Tesla's allowance for doubtful accounts and identify which financial statements those two items are included. [1 point]
3.Based on our lecture of what are accounts receivable, describe what Tesla's accounts receivable reflect and specifically discuss what items on the regular income statement are related to Tesla's accounts receivable. [Before you answer, review your response to question 2 above - this is a clue as to what income statement item(s) should be discussed in your answer.] [1 point]
4.Again, based on our accounts receivable lecture, explain how cash, accounts receivable and revenue are related to each other and the impact on the financial statement. [2 points]
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