TO THE NET CASE (THIS IS ALL ONE PROBLEM) 1. Go to the COSO Web site: www.coso.org. What is COSO? List the five major professional associations that sponsored COSO. 2. Consolidated Statement Presentation Go to the SEC Web site: www.sec.gov. Under Filings & Forms (EDGAR), click on Search for Company Filings. Click on Company or fund name. a. Under Company Name, enter Ford Motor Co (or under Ticker Symbol, enter F). Select the 2010 10-K. Review the Sector Statement of Income found a little over half-way through the document. Describe in some detail the consolidation presentation. (Refer to comments in this chapter.) b. Type in Dow Chemical Co (or under Ticker Symbol, enter DOW). Select the 2010 10-K. Review the consolidated statements of income. Describe in some detail the consolidated presentation. (Refer to comments in this chapter.) 3. Proxy Go to the SEC Web site: www.sec.gov. Under Filings & Forms (EDGAR), click on Search for Company Filings. Click on Company or Fund Name Etc. Under Company Name, enter Gorman-Rupp Company (or under Ticker Symbol, enter GRC). Select the 2010 proxy. Go to Executive Compensation within the proxy. Describe the executive compensation. 4. Audit Report and Auditors Report on the Firms Internal Controls Go to the SEC Web site: www.sec.gov. Under Filings & Forms (EDGAR), click on Search for Company Filings. Click on Company or Fund Name Etc. Under Company Name, enter Bemis Company (or under Ticker Symbol, enter BMS). Select the 2010 10-K. Go to Report of Independent Registered Public Accounting Firm. Compare this report with Exhibit 2-5 (Audit Opinion) and Exhibit 2-6 (Auditors Report on the Firms Internal Controls). What is the basic difference in presentation? 5. Go to the SEC site (www.sec.gov). Under Filings & Forms (Edgar), click on Search for Company Filings. Click on Company or fund, etc. Under Company Name, enter Honeywell International Inc. (or under Ticker Symbol, enter HON). Select the 10-K filed February 11, 2011. a. Item 8 Financial Statements and Supplementary Data, 1. What is the cash and cash equivalents balance at December 31, 2009? b. Go to Consolidated Statement of Cash Flows 1. What is the cash and cash equivalents at the beginning of the year ended December 31, 2010? 2. What is the cash and cash equivalents at the end of the year ended December 31, 2010? c. Go to Consolidated Balance Sheet December 31, 2010 1. What is the cash and cash equivalents at December 31, 2010? d. From the Consolidated Balance Sheet: 1. What is the retained earnings at December 31, 2009?

e. Go to Consolidated Statement of Operations 1. What is the net income attributable to Honeywell for year ended December 31, 2009? f. Go to Consolidated Statement of Shareowners Equity 1. What is the beginning balance of retained earnings for year ended December 31, 2010? 2. What was the net income attributable to Honeywell for the year ended December 31, 2010? 3. What was the dividends paid on common stock for the year ended December 31, 2010? 4. What is the ending balance of retained earnings for December 31, 2010? g. Go to Consolidated Balance Sheet for December 31, 2010 1. What is the balance for retained earnings at December 31, 2010? h. Go to the Consolidated Statement of Cash Flows 1. What was the cash dividend paid for 2010? i. What was the dividends paid on common stock for the year ended December 31, 2010 (Consolidated Statement of Shareowners Equity)? j. What was the cash dividend paid for 2010 (Consolidated Statement of Cash Flows)? Try to explain the difference between these numbers. 6. Go to www.businessethics.ca. Click on Business Ethics Articles. Click on Short Articles on Workplace Ethics by Cornelius von Baeyer. Select an article and write a summary.