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Financial Accounting Theory Fortune 100 Companies

Case 15-14 Financial Analysis

Log onto the World Wide Web and search for the annual reports of three domestic Fortune 1000 companies and three international companies. (Consult the Preface for websites of companies or search for different companies.)

Required:
a. Review the financial statements for the three domestic companies and answer the following questions for the last reporting year:
i. What components of stockholders' equity do each of the companies disclose?
ii. Do the companies have preferred stock shares outstanding? If so, what special features do these shares contain?
iii. Do any of the companies report treasury shares? If so, do the companies disclose the reason for reacquiring @@@acquiring?@@@the shares?
iv. Do the companies disclose any stock compensation plans? If so, are they reporting such plans under the fair value or intrinsic value methods? What was the value of compensation expense measured for any outstanding stock option plans?
b. Review the financial statements for the three foreign companies and answer the following questions for the last reporting year:
i. What components of stockholders' equity do each of the companies disclose?
ii. Do the companies have preferred stock shares outstanding? If so, what special features do these shares contain?
iii. Do any of the companies report treasury shares? If so, do the companies disclose the reason for reacquiring. And acquiring?And the shares?

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Solution Summary

The solution discusses financial accounting theory in the context of a researched Fortune 100 Company.

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