Discuss footnotes for heavy equipment manufacturing company
Please find attached financial information of heavy equipment manufacturing industry.
Based on the information provided prepare footnotes, which include the following:
Nature of Operations
Use of Estimates
Revenue Recognition
Cost of Products Sold
Selling, General and Administrative Expense
Cash Equivalents
Investments - preliminary
Inventory Valuation
Property, Plant and Equipment
https://brainmass.com/business/dividends-stock-repurchase-and-policy/discuss-footnotes-heavy-equipment-manufacturing-company-426605
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Solution Preview
See the attached file for active links and the full P&G disclosures of accounting policies to use as a sample.
Here is what I would do:
First, Caterpillar would be a very similar corporation to your sample company. For the significant accounting policies disclosures, I used Yahoo and viewed the last annual report published February 22, 2011. It is the SEC Form 10K, and you want to view ...
Solution Summary
The cited solution presents ideas and sources for disclosure items including a complete disclosure that can be used as a model for the fictious company.