If the company has treasury stock, is it increasing or decreasing in value? Remember that the normal balance for treasury stock is a negative value (debit balance). What is the value for other comprehensive net income (or net loss), accumulated deficit, and/or retained earnings.

Using the SEC 10-K for your company, answer the questions below: What were total current assets? What were total current liabilities? What were total assets and total stockholders’ equity (deficit)? Calculate working capital (current assets - current liabilities = working capital) and describe how it changed from last year. If the company has treasury stock, […]

What is the account and the amount of the bottom line item on the Statement (or Consolidated Statement) of Comprehensive Income?

What were the corporation’s net sales, cost of goods sold, and gross profit? What was the corporate tax rate? This should be an item in the notes to the financial statement. Required disclosure usually explains the federal statutory rate and a reconciliation to the actual tax rate of the company each year. Read the Statement […]

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