Research Assignment Identifying accruals and deferrals at Reader’s Digest
This chapter defined and discussed accrual and deferral transactions. Complete the requirements below using the most recent financial statements available on the Internet for Reader’s Digest Association , Inc. Obtain the statements by following the steps below. (Be aware that the formatting of the Company’s website may have changed since these instructions were written.)
1. Gotowwvv.rd.com.
2. Click on the “RDA Corporate Site,” which is at the bottom of the page in very small print.
3. Click on the “Company Reports” link at the left side of the page.
4. Click on the “Annual Report for the fiscal year ended June 30, 20xx.”
5. Find the Company’s balance sheet, and complete the requirements below. In recent years this has been shown around page 110 in the Form 10-K section of the Company’s annual report. The “Index” near the beginning of the report can help you locate the financial statements.
Required
a. Make a list of all the accounts on the balance sheet that you believe are accrual-type accounts.
b. Make a list of all the accounts on the balance sheet that you believe are deferral-type accounts.
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