ACCT 2331 Lecture Notes - Lecture 17: Financial Statement, Google Finance, Income Statement

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sapphiremole43

4 May 2016

School

University of Houston

Department

Accounting

Course

ACCT 2331

Professor

Goble Sam

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Document Summary

The goal of this assignment is for you to experience finding out relevant accounting and other information about a corporation as if you were an investor. You will find out that it is relatively easy to look up information about any publicly traded company on line. Follow the directions for each question below to look up the answers to the questions on the worksheet. Write the appropriate response in the spaces provided on the worksheet. Then starting april 20 use the worksheet to answer the multiple choice questions on blackboard on line assessment. The worksheet is for you to look up your answers and write them down so that you can answer the multiple choice questions without guessing. Blackboard on line assessment on or before april 29, 2016. Please be sure to look up the answers and fill out the worksheet before doing the online assessment. If you just guess you will probably end up with a low score.

Related Questions

Just need an idea how to do this:

ACCT 2101 Project Instructions

What to turn in: A typed, printed copy of your report and a printed copy of the financial statements. These must be neatly stapled together and submitted in class on or before the due date listed in the schedule. No exceptions. If you know or think you will be absent on the due date, please turn in your report early. This includes absences for GGC athletic events or other GGC sponsored activities. Five points will be deducted from your project grade for reports that are not stapled. Reports will not be accepted over email. You cannot use The Home Depot as this was our class example.

Report format: Times New Roman, 12 pt font, double spaced, one-inch margins, length is 2 -3 pages.

About the assignment: Select a company that is publicly traded in the United States. Go to sec.gov and look up the annual report for a company. This document is called a Form 10-K. For the most recent year available, print out copies of the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. Remember, the statements may have different names. Examples of alternative names can be found at the end of the textbook. Do not print the entire 10-K.

Select 3 financial ratios from the textbook and use the information from the financial statements to calculate the ratios. At the end of the textbook there is a list of financial ratios titled âAnalyses.â There is also one or more ratios listed at the end of each chapter. Any 3 ratios may be selected from these sources.

Briefly research your company and its history.

Report Contents:

1) The introduction should describe the company. For example, what does the company do, where the company is located, when was it established, etc.

2) The body of the report should discuss the results of your financial ratio calculations. Be sure to include the name of the ratio and the formula. Then, show the calculations typed out. Lastly, interpret the ratio; this means describe what the ratio is telling you.

3) The conclusion of the report should include your opinion about whether or not you would invest in the company and why.

https://www.sec.gov/Archives/edgar/data/865436/000086543617000238/wfm10k2017.htm

jadeeel555

ACCT 2101 Project Instructions What to turn in: A typed, printed copy of your report and a printed copy of the financial statements. These must be neatly stapled together and submitted in class on or before the due date listed in the schedule. No exceptions. If you know or think you will be absent on the due date, please turn in your report early. This includes absences for GGC athletic events or other GGC sponsored activities. Five points will be deducted from your project grade for reports that are not stapled. Reports will not be accepted over email. You cannot use The Home Depot as this was our class example. Report format: Times New Roman, 12 pt font, double spaced, one-inch margins, length is 2 -3 pages. About the assignment: Select a company that is publicly traded in the United States. Go to sec.gov and look up the annual report for a company. This document is called a Form 10-K. For the most recent year available, print out copies of the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. Remember, the statements may have different names. Examples of alternative names can be found at the end of the textbook. Do not print the entire 10-K. Select 3 financial ratios from the textbook and use the information from the financial statements to calculate the ratios. At the end of the textbook there is a list of financial ratios titled âAnalyses.â There is also one or more ratios listed at the end of each chapter. Any 3 ratios may be selected from these sources. Briefly research your company and its history. Report Contents: 1) The introduction should describe the company. For example, what does the company do, where the company is located, when was it established, etc. 2) The body of the report should discuss the results of your financial ratio calculations. Be sure to include the name of the ratio and the formula. Then, show the calculations typed out. Lastly, interpret the ratio; this means describe what the ratio is telling you. 3) The conclusion of the report should include your opinion about whether or not you would invest in the company and why.

case study: https://www.sec.gov/Archives/edgar/data/829224/000082922417000049/sbux-1012017x10xk.htm

debt ratio, profit margin ratio and current ratio.

lilachippopotamus592

Assignment Choice #1: Corporate Tax Returns

Because it is important for accountants to demonstrate the filing requirements for specialized tax returns, for this final project you will be completing a corporate tax return and then analyzing this experience. Key Component: Use the financial data from the following file to complete form 1120.

Complete the following template that has the respective tax forms and schedules required to complete the return. Complete all of the parts of your respective business tax return for which there is information.

Show your income tax calculations Prepare a write-up on:

The purpose of questions on Form 1120 Schedule K with the exception of line 1. (You may select a sub-grouping of these questions to complete your milestone.)

Some challenges (identify three to five), both anticipated and unexpected, when completing the corporate tax return.

Solutions you can provide to those challenges.

Requirements: Submit 1) your tax return template and

2) Income tax calculations, and

3) your write-up about the tax return questions to the drop box identified for that submission.

Entity Type:	Corporation
Sub-Entity Type:	None
Entity Name:	BADEC
State of Formation	Georgia
Entity Start Date	4/2/2013

Tax Year Start Date:	4/2/2013
Tax Year End Date:	12/31/2013

Book Maintained By:	Andrew Anderson
Address:	10 Sysco Way Atlanta, GA 30039

Purpose of Entity	Acquire, rehabilitate and resale residential real property.
	Acquire, rehabilitate and resale residential real property.
Corporate Information
Dividends Received	from investment in a domestic corporations with ownership =	70%
Estimated Tax Payments		$6,000

First Name	Last Name	SSN	Address	City	State	Zip	Shareholder Information
Andrew	Anderson	756-12-1111	10 Sysco Way	Atlanta	GA	30039	Shareholder
Bill	Bacon	756-12-2222	20 Sysco Way	Atlanta	GA	30039	Shareholder
Cathy	Cox	756-12-3333	30 Sysco Way	Atlanta	GA	30039	Shareholder
Doris	Day	756-12-4444	40 Sysco Way	Atlanta	GA	30039	Shareholder
Elroy	Elders	756-12-5555	50 Sysco Way	Atlanta	GA	30039	Shareholder
Farah	Fawcett	756-12-6666	60 Sysco Way	Atlanta	GA	30039	Shareholder
Gomez	Gonzalez	756-12-7777	70 Sysco Way	Atlanta	GA	30039	Shareholder

BADEC, Inc
4/2/2013

Assets
	Cash	$ 430,000
	Computer	$ 7,000
	Furniture	$ 3,000
	Land	$ 50,000
	Total Assets	$ 490,000
Liabilities

Equity
	Capital-Anderson	$ 50,000
	Capital-Bacon	$ 150,000
	Capital-Cox	$ 100,000
	Capital-Day	$ 50,000
	Capital-Elders	$ 40,000
	Capital-Fawcett	$ 80,000
	Capital-Gonzalez	$ 20,000
	Total Liabilities plus Equity	$ 490,000

	BADEC, Inc.
	04/02/2013 - 12/31/2013

Gross Income
	Repair Revenue		$100,000
	Interest Income		$600
	Dividends (Qualified)		$2,000
	Net Short-term Capital Gain		$5,000
		Total Income from all sources	$107,600


Expenses
	Guaranteed payments		$10,000
	Renovation Expense		$5,500
	Rent		$1,500
	Depreciaton expense		$2,066
	Licenses		$500
	Travel Expenses		$800
	Supplies Expenses		$700
	Net Long-term Capital Loss		$10,000
	Charitable Contributions		$5,000
		Total Expenses	$36,066

	Net Income (before federal income taxes)		$71,534

BADEC Partnership
12/31/2013

Assets
	Cash	$ 485,600
	Computer	$ 7,000
	AccDep-Computer	$ (1,745)
	Furniture	$ 3,000
	AccDep-Furniture	$ (321)
	Land	$ 50,000
	Total Assets	$ 543,534
Liabilities

Equity
	Retained Earnings	$ 53,534
	Stock-Anderson	$ 50,000
	Stock-Bacon	$ 150,000
	Stock-Cox	$ 100,000
	Stock-Day	$ 50,000
	Stock-Elders	$ 40,000
	Stock-Fawcett	$ 80,000
	Stock-Gonzalez	$ 20,000
	Total Liabilities plus Equity	$ 543,534

skyantelope582

ACCT 2331 Lecture Notes - Lecture 17: Financial Statement, Google Finance, Income Statement

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