The balance sheet, income statement, and statement of cash flows for the typical entity are...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The balance sheet, income statement, and statement of cash flows for the typical entity are highly summarized hence the need for supplemental financial statement disclosures. In this discussion, we are going to get a sense of how much financial information is disclosed in the number financial statements vs the footnotes.
Select two publicly traded forprofit entities for whom inventory is material amount. Go to their most recent annual reports.
In your first discussion post, list the quantity of numbers pages vs the quantity of footnote pages and include comparative lists of the companies footnotes, including the Footnote subheadings. Compare and contrast the similarities and differences between your two companies footnotes and provide a brief commentary on whether you think the disclosures are excessive, just about right, or too brief. It is best to choose two companies in similar industries eg Ford and GM
To find a companys annual report, use a search expression like company name investor relations" or company name annual report."
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
