Question

Assignment Overview

Choose a U.S. public company that you are familiar with or one in which you may have an interest. You will now have the opportunity to apply some of the concepts reviewed in the prior modules to the financial statements of a company of your choice. The background materials in Modules 2 and 3 cover the concepts for review and interpretation.
The assignment requires the location of an actual financial statement of your choice. Use a publicly traded US company. Search the Internet for the home page of the company of interest. Financial statements are typically found under the investor relations category. The SEC also has a database, EDGAR, which includes all 10-K’s and many other required filings. It is free and easily accessible.
Case Assignment
What are the amount of total assets and liabilities on the balance sheet? Include actual amounts.
What type of the information is found in the statement of shareholders equity?

Answer 1

The total assets and liabilities can be found on a company's balance sheet, and the statement of shareholders' equity provides information about the changes in equity.

Step-by-step explanation:

Total assets and liabilities on the balance sheet:

Total assets and liabilities are important figures found on a company's balance sheet. The balance sheet provides a snapshot of a company's financial position at a specific point in time. The total assets represent the value of all the resources owned by the company, including cash, accounts receivable, property, and equipment. The total liabilities represent the company's obligations or debts, such as loans, accounts payable, and accrued expenses. The balance sheet should provide the specific amounts for both total assets and total liabilities.

Information found in the statement of shareholders' equity:

The statement of shareholders' equity provides information about the changes in the company's equity position. It typically includes details such as the beginning balance of equity, any additional investments made by shareholders, net income or loss, dividends paid out to shareholders, and any other changes in equity during the period. This statement helps investors and analysts understand how the company's equity has changed over time and how it has been influenced by various transactions and activities.