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The company is PFIZER Review the financial statements as whole, including the Notes to the Financial Statements to learn more about your company. Discuss types

  • The company is PFIZER
  • Review the financial statements as whole, including the Notes to the Financial Statements to learn more about your company. Discuss types of information contained with and the reason for the incorporation of financial statement footnotes.

  • Review the Statement of Comprehensive Income. What items are displayed in Other Comprehensive Income? What is the importance of providing this financial report?
  • Does your company own treasury stock (sometimes called "repurchase of stock") in the owners' equity section (Statement of Retained Earnings)? Is this value increasing or decreasing? Consider the journal entry approach to the purchase of treasury stock. Treasury stock is displayed on the retained earnings statement/balance sheet as a negative value in owners' equity. Explain treasury stock, and why treasury stock decreases stockholders equity. Why would a company purchase Treasury Stock? (Hint: Review the www.principlesofaccounting.com website for Treasury Stock concepts. You can list the reasons in an enumerated list.)

just use the information on Pfizer

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