ACCOUNTING 202DUE DATE: Sunday, May 1 (11:59 P.M.)ANNUAL REPORT PROJECTSTUDENT NAME:Common venture directions:Please learn this doc rigorously, in the event you submit the project incorrectly and are requested toresubmit it for any purpose, will probably be thought of as not less than in the future late.Full this doc utilizing the annual report that you simply downloaded for Half 1.Don’t create a brand new or separate doc; simply full the one I present. Nearly all theinformation for this venture ought to come out of your company’s annual report.All through all of the components of the venture, data is requested from particular pages within the annualreport. You will have to take a readable screenshot or image of the web page(s) requested and insert it inthis doc the place requested.► If you happen to need Helpance taking a screenshot please watch this video: https://youtu.be/EoTpIYLBtKs► If you happen to need Helpance cropping, or sizing, a screenshot please watch this video:https://youtu.be/BkeBauCpuUgWhen a Question Assignment asks you to clarify, describe, analyze, and many others., use full sentences and wellorganized paragraphs.Half 2 (20 pts.) (Use the identical firm from Part1.)Identify of firm chosen: _________________________________(You’ll use the identical firm for all components of the venture)Yr of the annual report: ______________CHAPTER eight: LONG-TERM ASSETSA. THE BASICSLocate the company’s stability sheet in your annual report that you simply recognized in Half 1.Steadiness sheet date: __________________ Web page on which stability sheet seems: _________(Insert display shot of the stability sheet right here.)1. The accounting equation is Belongings = Liabilities + Stockholders’ Fairness. Changing the phrases in theaccounting equation with greenback quantities; give the company’s accounting equation on the finish of thecurrent and prior years of the annual report.Belongings = Liabilities + EquityAnnual Report: Present yr: _______________ = ______________ _______________Annual Report: Final yr: _______________ = ______________ _______________2. Checklist the classes, or sections, of the Asset space on the stability sheet:three. Property, plant and equipmentRefer to the notes of the monetary statements within the annual report that you simply recognized in Half 1. Thenote, “Abstract of Vital Accounting Insurance policies,” ought to present details about the company’sdepreciation and amortization strategies. Additionally, you will have to discuss with the opposite notes to the financialstatements and to the monetary statements themselves with the intention to reply the questions in all components of thisproject.IMPORTANT: Point out the web page quantity wherein the data was discovered and insert a display shotbelow the Question Assignment.a. What depreciation technique does the corporate use? Web page No._________________________________________________(Insert display shot right here to help your reply.)b. What’s the quantity of depreciation expense for the present yr? Web page No._____(Trace: Take a look at the working actions part of the money circulate assertion if the oblique technique was used.)Annual Report: Present yr $ __________________(Insert display shot right here to help your reply.)Final yr $ ___________________4. Intangible assetsa. Does the corporate have any intangible property? If that’s the case, record them right here. Web page No. _____(Insert display shot right here to help your reply.)b. Does the corporate report any goodwill? ______ Web page No._____What is the quantity? __________________(Insert display shot right here to help your reply.)B. FURTHER ANALYSISCompare the present yr ratios.1. Utilizing the formulation given within the textbook, calculate the next for the previous two years: Present yourcomputations.You will see prior years’ quantities within the 5-Yr Abstract of Chosen Monetary Information that you simply discovered inPart 1.Annual ReportCurrent YearLast Yeara. Whole Asset turnover:_____________________b. Clarify what data this ratio offers. Why can we use it?c. How do the outcomes on your firm evaluate by yr? Clarify and provides doable causes forwhat you’ve discovered. (not less than one paragraph)C. INFORMATION FOR DECISION MAKING1. Reply the next questions utilizing the company’s stability sheet within the annual report:a. Wherein plant asset does the corporate have the biggest greenback quantity invested?b. In whole greenback quantities, are the company’s property primarily short-term (present) or long-term?Find out how to submit this project:Full and submit this doc in Canvas on or earlier than the due date. Don’t create a brand new doc.

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