Accountant’s Report: Who are the independent CPA’s? What kind of opinion did they express? Should this opinion increase the reliability of the financial statements? Why? Income (Operations) Statement: Is this a comparative statement? Is this a consolidated statement? What is the profit margin percentage? What is the effective income tax rate? Are there any discontinued operations, extraordinary items, or cumulative effective changes in accounting principles (if so, what are they)? Which earnings per share (EPS) are reported (descriptions and amounts)? Are there any unusual items? Balance Sheet: Determine the categories of plant assets. (hint: refer to the footnotes) Are there any unpaid or deferred income tax liabilities? How many classes of capital stock are shown? How many classes have been issued? Does the stock(s) sell at or above par or stated value? What percent of total assets is provided by stockholders’ equity? What percent of stockholders’ equity is represented by retained earnings? Are there any unusual items? Statement of Stockholder’s Equity: What columns are presented? What amount(s) are carried from the Income Statement? What amount(s) are carried to the Balance Sheet? What caused retained earnings to change? Are there any unusual items? Statement of Cash Flows: What method is used? Which category provides the largest source of cash? Which category uses the largest amount of cash? Are there any non-cash activities? What is the amount of free cash? What is cash flow per share? Are there any unusual items? Summary of Accounting Policies: How many significant accounting policies are explained? Give three examples. How are inventories stated? Are there any workers’ compensation or benefits shown? Is there any stock-based compensation? Are issues related to inflation or foreign transactions discussed? My company want all question is Adidas

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 1RE

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Related questions

Question

Accountant’s Report:

Who are the independent CPA’s?
What kind of opinion did they express?
Should this opinion increase the reliability of the financial statements? Why?

Income (Operations) Statement:

Is this a comparative statement?
Is this a consolidated statement?
What is the profit margin percentage?
What is the effective income tax rate?
Are there any discontinued operations, extraordinary items, or cumulative effective changes in accounting principles (if so, what are they)?
Which earnings per share (EPS) are reported (descriptions and amounts)?
Are there any unusual items?

Balance Sheet:

Determine the categories of plant assets. (hint: refer to the footnotes)
Are there any unpaid or deferred income tax liabilities?
How many classes of capital stock are shown?
How many classes have been issued?
Does the stock(s) sell at or above par or stated value?
What percent of total assets is provided by stockholders’ equity?
What percent of stockholders’ equity is represented by retained earnings?
Are there any unusual items?

Statement of Stockholder’s Equity:

What columns are presented?
What amount(s) are carried from the Income Statement?
What amount(s) are carried to the Balance Sheet?
What caused retained earnings to change?
Are there any unusual items?

Statement of Cash Flows:

What method is used?

Which category provides the largest source of cash?
Which category uses the largest amount of cash?
Are there any non-cash activities?
What is the amount of free cash?
What is cash flow per share?
Are there any unusual items?

Summary of Accounting Policies:

How many significant accounting policies are explained? Give three examples.
How are inventories stated?
Are there any workers’ compensation or benefits shown?
Is there any stock-based compensation?
Are issues related to inflation or foreign transactions discussed?

My company want all question is Adidas

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