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Intermediate Accounting I Researching Companies Choose a company to research that is either a retailer or manufacturer. Inform your professor of your choice as per his/her instructions. Using the latest annual report or 10-K for your company answer the following questions. Type your answers into this document, save it as "Research - Your Name and hand it in to your professor in hard copy or upload. 1. Insert the link to the annual report or 10-K you used: 2. Find the Auditor's Report. It is called the "Report of Independent Registered Public Accounting Firm." a. Which firm audits the company? b. Did the company receive an unqualified (clean) audit report? Which wording in the report indicates this? (Copying and pasting is OK here.) 3. Find the Notes to Consolidated Financial Statements 2. Which note # is the summary of significant accounting policies? What is the name of one other note? 4. Look at the Income Statement. What is it called? a. Is it single-step or multiple-step? How do you know? b. How many years are presented? c. What percentage of the company's income was paid in dividends? Show your calculation. s. Look at the Balance Sheet. What is it called? a. What asset classifications does the company have? b. Does the company have Accumulated Other Comprehensive Gains or Losses? Which and how much? c. What kinds of stock has the company issued? a. Write the company's accounting equation in dollars. E.g. $3.000+ $4,000 - $7,000 6 Look at the Statement of Cash Flows Does the company use direct or indirect method? How do you know? b. How much was depreciation and amortization? Can you tie this number into the income statement? Why or why not? Intermediate Accounting I Researching Companies Choose a company to research that is either a retailer or manufacturer. Inform your professor of your choice as per his/her instructions. Using the latest annual report or 10-K for your company answer the following questions. Type your answers into this document, save it as "Research - Your Name and hand it in to your professor in hard copy or upload. 1. Insert the link to the annual report or 10-K you used: 2. Find the Auditor's Report. It is called the "Report of Independent Registered Public Accounting Firm." a. Which firm audits the company? b. Did the company receive an unqualified (clean) audit report? Which wording in the report indicates this? (Copying and pasting is OK here.) 3. Find the Notes to Consolidated Financial Statements 2. Which note # is the summary of significant accounting policies? What is the name of one other note? 4. Look at the Income Statement. What is it called? a. Is it single-step or multiple-step? How do you know? b. How many years are presented? c. What percentage of the company's income was paid in dividends? Show your calculation. s. Look at the Balance Sheet. What is it called? a. What asset classifications does the company have? b. Does the company have Accumulated Other Comprehensive Gains or Losses? Which and how much? c. What kinds of stock has the company issued? a. Write the company's accounting equation in dollars. E.g. $3.000+ $4,000 - $7,000 6 Look at the Statement of Cash Flows Does the company use direct or indirect method? How do you know? b. How much was depreciation and amortization? Can you tie this number into the income statement? Why or why not

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