Group Assignment Missing information
The following selected financial information is available for HAS, Inc. Amounts are in millions of dollars.
Income Statements | 2014 | 2013 | 2012 | 2011 |
Revenue | $ 860 | $ 1,520 | $ (a) | $1,200 |
Cost and expenses | (a) | (a) | (2,400) | (860) |
Income from continuing operations | (b) | 450 | 320 | (a) |
Unusual items | -0- | 175 | (b) | (b) |
Net income | $ 20 | $ (b) | $ 175 | $ 300 |
Balance Sheets | ||||
Assets | ||||
Cash and marketable securities | $ 350 | $1,720 | $ (c) | $ 940 |
Other assets | 1,900 | (c) | 2,500 | (c) |
Total assets | 2,250 | $2,900 | $ (d) | $3,500 |
Liabilities | $ (c) | $ (d) | $1,001 | $ (d) |
Stockholders’ equity | ||||
Common stock | 880 | 720 | (e) | 800 |
Retained earnings | (d) | (e) | 800 | (e) |
Total stockholders’ equity | 1,520 | 1,345 | (f) | 2,200 |
Total liabilities and stockholders’ equity | $2,250 | $ (f) | $3,250 | $3,500 |
Required
a.Divide the class into groups of four or five students each. Organize the groups into four sections. Assign Task 1 to the first section of groups, Task 2 to the second section, Task 3 to the third section, and Task 4 to the fourth section.
Group Tasks
(1)Fill in the missing information for 2011.
(2)Fill in the missing information for 2012.
(3)Fill in the missing information for 2013.
(4)Fill in the missing information for 2014.
b. Each section should select two representatives. One representative is to put the financial statements assigned to that section on the board, underlining the missing amounts. The second representative is to explain to the class how the missing amounts were determined.
c. Each section should list events that could have caused the unusual items category on the income statement.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.