Question

Choose a company to research that is either a retailer or manufacturer. Inform your professor of your choice as per his/her instructions. Using the latest annual report or 10-K for your company answer the following questions. Type your answers into this document, save it as "Research - Your Name" and hand it in to your professor in hard copy or upload. 1. Insert the link to the annual report or 10-K you used: 2. Find the Auditor's Report. It is called the "Report of Independent Registered Public Accounting Firm." a. Which firm audits the company? b. Did the company receive an unqualified (clean) audit report? Which wording in the report indicates this? 3. Find the Notes to Consolidated Financial Statements a. Which note is the summary of significant accounting policies? b. What is the name of one other note? 4. Look at the Income Statement. What is it called? a. Is it single-step or multiple-step? How do you know b. How many years are presented? C. What percentage of the company's income was paid in dividends? Show your calculation 5. Look at the Balance Sheet. What is it called? a. What asset classifications does the company have? b. Does the company have Accumulated Other Comprehensive Gains or Losses? Which and how much? BION
Please help with this Research Assignment

for Starbucks Company please

to answer those questions

Answer 1

2) (a) Deloitte & Touche LLP is the auditor of Starbucks Corporation. (b) Yes, the auditor has issued a clean audit report which is indicated by the wordings, "In our opinion, the financial statements present fairly, in all material respects the financial position, results of its operations and cash flows in conformity with the accounting principles generally accepted in the United States of America. 3) (a) Note 1 is the summary of significant accounting principles. (b) The name of the other note is 'Acquisitions, Divestitures and Strategic Alliance. 4) The income statement is called 'Consolidated Statements of Earnings'. (a) Yes, it is a multiple-step income statement because it segregates the operating revenues and expenses from non-operating expenses, revenues, losses and gains. (b) Three year data has been presented in the income statement of Starbucks Corporation. © Percentage of Starbucks income that is paid in the form of dividend is 38.59%, which has been computed as $1,743.4 million divided by $4,518.3 million. 5) The balance sheet is called Consolidated Balance Sheets. (a) The company has the following asset classifications- Current assets, long-term investments, property, plant & equipment, intangible assets and other long-term assets (b) Yes, the company has accumulated other comprehensive losses of $330.3 million. (c) The company has issued common stock. (d) Company's accounting equation is given by. Total assets = Liabilities + Equity

6) (a) The company has used Indirect method because it considered the net earnings and made necessary adjustments for non-cash and extraordinary items, which is in accordance with the treatment as proposed under indirect method. 7 (b) The amount of depreciation & amortization in the cash flow statement was $1,305.9 million, which does not match with the value of depreciation & amortization in the income statement.