What financial statement is presented first


Assignment

Overview

1) Visit the Fortune 500 list for the current year and select a retail or manufacturing company from the list for this project.

2) Visit sec gov and search for the name of your desired company selection. To find the most recent 10-K document, select "Company Filings" on the sec.gov website, and type the name or ticker symbol of the company. Next, select "10-K (annual reports)" and use the most recent 10-K report.

3) Read the guidelines below and respond to the discussion board to ask your professor if your selection is acceptable.

Your corporation must meet the following criteria:

1) The corporation must be ranked number 500 or higher on the Fortune 500 list for the current year.
2) The corporation must have an SEC 10-K report for the current or most recent prior year.
3) The corporation must have an Accounts Receivable and Inventory Account(s) found on the Balance Sheet under Current Assets.
4) The corporation must be a retailer or manufacturing company.

Your corporation may NOT:

1) Be the same corporation you used in any other course.
2) Be the same corporation a classmate selected.
3) Be a bank or any other type of financial institution.
4) Be a service company.

Discussion Requirements

I. Write the name of the corporation, the stock market where it is traded, and its ticker symbol in the Subject line when you respond to this posting and all other postings related to this project.

For example:

1) McCormick & Company: NASDAQ: MKC
2) Tyson Foods; NYSE: TSN
3) Under Armour: NYSE: UA

II. State why you want to study and prepare a financial analysis of your corporation.

III. Provide a direct link to your corporation's SEC 10-K report for the most recent year. A direct link is a hyperlink that takes you directly to a website where the SEC 10-K report is located. For example, this is the direct link for the McCormick & Company 2020 10-K report.

The most direct route to finding the direct link is to use the SEC EDGAR System and search by Company name.

IV. State your corporation's position on the Fortune 500 List for the current year. Your chosen company must be ranked number 500 or higher.

V. Provide page numbers for all four required financial statements:

1) Income Statement (this may be called the Consolidated Statements of Income.) Not the Statement of Comprehensive Income.

2) Balance Sheet (this may be called the Consolidated Balance Sheet or Statement of Financial Position.)

3) Statement of Stockholders Equity (this may be called the Consolidated Statements of Stockholder's Equity or Consolidated Statements of Stockholder's Deficit.)

4) Statement of Cash Flows

VI. What financial statement is presented first? The income statement or the balance sheet is commonly first.

Format your assignment according to the following formatting requirements:

(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.

(2) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.

(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.

Solution Preview :

Prepared by a verified Expert
Financial Accounting: What financial statement is presented first
Reference No:- TGS03141214

Now Priced at $35 (50% Discount)

Recommended (92%)

Rated (4.4/5)