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Accounting Homework
Retrieve the 2013 financial statements of Ford Motor Co. using one of the three methods outlined in the lesson. Attach the financial statements you retrieved.
How to Retrieve Financial Statements
The financial statements of all U.S. publicly traded companies are a matter of public record. You can obtain a copy either by:
• Visiting the Company's own website and navigating to the "Investor Relations" section. On the Investor Relations page, you will then look for the "Annual Report," which includes the financial statements.
• Visiting the U.S. Securities and Exchange Commission database called Edgar at https://www.sec.gov/edgar/searchedgar/companysearch.html On the Edgar database you can type the name of your company and then click on the 10-K form. The 10-K form is the official name for the financial statements.
Visiting Yahoo Finance at https://finance.yahoo.com/ . In the search box, type the name of your company. On the next page, select your desired financial statement on the left column.
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
From an accounting perspective, how is the handling of inventory different between a merchandising and manufacturing company?
Choose one (1) of the topics below and develop a three to four (3-4) paragraph essay (of at least 250-550 words) which adequately address the topic you have chosen.
On December 31, 2013, Hanks Company's accounts receivable balance was of $300,000, and an analysis of their accounts receivable suggests that the Allowance for Doubtful Accounts should be 2% of accounts receivable. The balance in the Allowance for Do..
Journalize the transactions. Prepare the adjusting entry for the accrual of interest at December 31. What are three reasons why companies purchase investments in debt or stock securities?
Evaluate the value of units completed and transferred out, ending work-in-process inventory, and the loss due to abnormal spoilage for the Assembly department.
Adnan Company uses process costing. At the beginning of the month, there were 3,000 units in process, 70% complete with respect to material, The units in ending Work-In-Process Inventory were 90% complete with respect to material and 30% complete wit..
Which of the following conclusions do these variances best support? More materials were purchased than were used.
Explain the difference between a cash basis and an accrual basis measure of performance. Does accrual basis net income provide a better measure of performance than net operating cash flow?
Months of January and February, Axe Corporation purchased goods from three sup- sequence of events was as follows: Purchased goods for $1,200 from Green with terms 2/10, n/30. Purchased goods from Munoz for $900 with terms 2/10, n/30. Paid Green in f..
In 2010 there is also a $200,000 opening balance in Accumulated OCI for unrecognized gains. The average remaining service life per employee in 2010 is 10 years, and in 2011 it is 12 years. Compute the net gain/loss that is amortized in each of the 2 ..
Determine the outstanding loan balance as of September 30, after any repayments have been made.
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