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    Key Financial Relationships

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    Using the following references:
    AT&T - Use 2008 Annual Report: http://www.att.com/gen/investor-relations?pid=9186

    Verizon - Use the RED tabs at the top of the page to locate financial information http://investor.verizon.com/financial/annual/2007/guide.html

    Compare AT&T and Verizon's two most recent fiscal years based upon the following:

    Briefly discuss the inter-relationships noted among the data provided by each of the statements (300 words).

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    Solution Preview

    For Verizon, the company's consolidated statement of changes in shareowners' investments explains the differences and movements of Verizon's total common stock equity (capital contribution and retained earnings) from 2007 to 2008. Included in this statement is the company's net income for the period. How this net income figure was arrived at is presented in the income statement. This statement specifies the deductions made from operating revenues.
    Moreover, the total of the company's shareowners' investments is also presented in the balance sheet. ...

    Solution Summary

    The solution examines key financial relationships for AT&T. The expert compares AT&T and Verizon.