What type of audit opinion did the external auditors give? What accounting standards did they use? Where are each of these components found?

Financial Reporting
Step ONE: Analysis of Annual Report
Select a business from the provided list and analyze their latest annual report .
Company Stock Symbol
Amazon AMZN
Apple AAPL
Bank of America BAC
Best Buy BBY
Citigroup C
Continental Airlines CAL
Chipotle CMG
Costco
Wholesale COST
Chevron CVX
Dell DELL
eBay EBAY
Edison
International EIX
FedEx FDX
General Electric GE
Google GOOGL
Harley Davidson HOG
Hershey HSY
Intel INTC
Jet Blue JBLU
Johnson & Johnson JNJ
KB Homes KBH
Kraft Foods KFT
Microsoft MSFT
Pepsi PEP
Proctor and Gamble PG
Rubio’s RUBO
Starbucks SBUX
Verizon
Communications VZ
Wal-Mart WMT
Exxon Mobil XOM
Taco Bell, YUM YUM
Complete the following steps for the selected company’s Annual Report. You can use information from the footnotes to answer these questions but make sure to reference from where the information came. Must be one page double spaced.
Look at the balance sheet for the last two years. What caused the changes in the balance sheet from last year to this year? Use account names and numbers for both years to explain your answer.
Look at the Income Statement for the last two years. What caused the changes in the Income Statement from last year to this year? Use account names and numbers for both years to explain your answer.
What type of audit opinion did the external auditors give? What accounting standards did they use? Where are each of these components found?
Include the Annual report used with your submission as an attachment.
Step TWO: Create the Financial Statements
Use the step 2 attachment to do the following – create an income statement, statement of retained earnings, balance sheet, and statement of cash flows (note: use first four spreadsheet tabs for this step).
Financial Reporting Summative Problem.x
Step THREE: Reflection
USE the step 3 attachment for the following – Analyze the statements you have created and use them to answer the following questions
Is Wells Mobile Apps paying too much out in dividends? Why or why not? Explain your reasoning.
For Scenic Industries, there was an increase in cash from the first year to the next. What was the single biggest event that caused this? Explain your reasoning.

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