Question

2.6 points for outstanding work (see last two question), 2.0 points for good/acceptable work. The default grade on this assignment is low (C+), so do not let that discourage you. This course expects critical thinking and research into company reports, not just memorization of rules. Find Tesla's 10-Q for the quarter ending 9/30/19. Please attach and highlight (or underline or circle your sources. Do not attach the whole 10-Q, only the relevant pages. Please use the original 10-Q issued as a PDF by Tesla, rather than a database such as Yahoo or Morningstar. My purpose is to familiarize you with the original financial statements. A. (1.6 pts) Enter the following in billions: 32.8 1. 2. 3. 4. Assets (example) Liabilities Equity Current Assets Current Liabilities Current ratio (enter as x.xx format) 5. 6. 7. Paid in capital 8. Accumulated Other Comprehensive Income 9. Retained earnings (goes by another name) B. Comment on the accounting equation and on how it is valid or not valid in this example, (Default grade for an acceptable answer is 0.1; to earn the full 0.4 points your answer must be outstanding.)

answer by searching up TESLA FORM 10-q 9/30/19

The 10-q is a pdf by tesla. search it up.

Answer A,B, and C

answer C using this.

Answer 1

C.

No,Common stock is not truly zero.

The true amount of common stock as on 30th September,2019 is as follows:

180 shares issued and outstanding * $0.001 par value per share = $0.18

It is listed as zero as the amount shown in the Financial statements are in Millions and rounded to zero decimals. Thus the amount of $0.18, when shown in the Financial statements in Millions and rounded to zero decimals, will be listed as $0.