Select a publicly traded company or use a company assigned by your instructor. Using the firms most
Question:
Select a publicly traded company or use a company assigned by your instructor.
Using the firm’s most recent Form 10-K report (accessed through the SEC EDGAR database or from the company’s website), answer the following questions:
1. Briefly state the line of business within which the firm operates.
2. Find the following items in the Form 10-K and indicate the page number(s) where the items can be found:
(a) Balance sheet
(b) Income statement
(c) Statement of cash flows
(d) Statement of stockholders’ equity
(e) Notes to the financial statements
(f) Management Discussion and Analysis
(g) Summary of selected financial data
(h) Auditor’s report 3. What public accounting firm conducted the audit for the firm?
4. Using the information for the most recent fiscal year, fill in the amounts for the following items from the financial statements:
(a) Assets
(b) Liabilities
(c) Stockholders’ equity
(d) Net sales or net revenues
(e) Net income or loss (specify if amount is income or loss)
(f) Change in cash (give dollar amount) and if change is an increase or decrease
(g) Retained earnings (ending balance)
Step by Step Answer:
Understanding Financial Statements
ISBN: 9780138114404
12th Edition
Authors: Lyn Fraser, Aileen Ormiston