The purpose of this assignment is to locate, read, and interpret various public company disclosures.

For this assignment, you will interpret the financial statements of a single company. It is suggested you choose one of the following companies: Apple Inc., The Coca$-$Cola Company, or Southwest Airlines.

Select a company and locate the investor relations section of the company's website. Search for various public filings, such as $8-$K$,11-$K$,$ S$-8,$ and PX$14$A$6$G$.$ Assume your supervisor has requested an interpretation of two disclosures filed by Apple, Coca$-$Cola, or Southwest Airlines during the most recent calendar year. In addition, your supervisor has recently learned about XBRL and would like to know more about XBRL and how it could be helpful in analyzing the selected company's financial statements.

Utilize the "ACC$-656$ Sample Memo Format" to create a $400-500-$word memo that responds to the four questions below, addressing questions $1$ and $2$ for each of the two disclosures. Include a references page with a minimum of three external sources to fully support your position.

Describe the intent of the disclosure $($i$.$e$.,$ why is the disclosure important to users of the company's financial statements$).$

Interpret the information provided in the disclosure by summarizing the details provided in the disclosure. In addition, discuss how an external user may use the information to make a decision regarding the investment in the company.