ACC 290 Week 5 Assignment Financial Reporting Problem Part 2

ACC 290 Week 5 Assignment Financial Reporting Problem Part 2
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 In the file ACC 290 Week 5 Assignment Financial Reporting Problem, Part 2 you will find overview of the following parts:


 The Order of Current Assets
 Assets Classified
 Cash Equivalents
 Total Current and Annual Liabilities
 References

Business - Accounting
 Access the Internet to acquire a copy of the most recent annual report for the publicly traded company used to complete the Financial Reporting Problem, Part 1 assignment due in Week Four.



 Analyze the information contained in the company’s balance sheet and income statement to answer the following questions:



 Are the assets included under the company’s current assets listed in the proper order? Explain your answer.

 How are the company’s assets classified?

 What are cash equivalents?

 What are the company’s total current liabilities at the end of its most recent annual reporting period?

 What are the company’s total current liabilities at the end of the previous annual reporting period?

 Considering all the information you have gathered, why might this information be important to potential creditors, investors, and employees?

 Summarize the analysis in a 1,050- to 1,400-word paper in a Microsoft® Word document.



 Include a copy of the company’s balance sheet and income statement.


 Format your paper and presentation consistent with APA guidelines.

Take extra writing utensils with you to your tests. There is always a strong possibility that your pencil could break or that your pen could run out of ink while you're doing your test. Having a backup writing utensil can help you continue your test without being distracted by having to sharpen a pencil or refill a pen.