1. Go to different library databases - in 20 words or less for each topic, tell me what is on the site.
Then answers these questions -
a) S&P Net Advantage - XOM - valuations - average daily volume
b) Mergent Online - Berkshire Hathaway - how much does Warren Buffett earn in salary?
c) Hoover's On Demand - what are five different companies with the name "apple" in them?
d) Edgar Database - what is the net income for Walmart in 2014?
e) Dun and Bradstreet Key Business Ratios - F - six ratios
f) ABI Inform - find and cite an article on pension expense
g) Lexis-Nexis - find an article that discusses different between capital and operating leases
2. SEC - Exercise 1
- Suppose on Dec 31, 2015, a shipment of completed widgets are sent to XYZ Company from ABC Company. XYZ has prepaid for the widgets and has received the widgets into their warehouse. However, not until January 2, 2016 are the widgets "signed off" by XYZ as being received.
- Facts, Issue, Conclusion( Say yes or No only ), Analysis
3. FASB - Exercise 2 - Part 2
- A company purchased 50 hole punchers for $5 each. Each hole puncher has a useful life of 5 years. Should the hole punchers be treated as an asset (and depreciated) or as an expense on the date they are placed in service?