Self-Study Questions
| 1. | If you work for a publicly traded company, get your company's most recent 10Q or 10K. (Hint: Use the Investors section of the corporate Web site or use EDGAR. You can also find 10K information in the company's annual report.) If you don't work for a publicly traded company, pick a company that is (or have one assigned) and get their most recent 10Q or 10K. What are the company's total assets? What are its total liabilities? What is the total owner's equity? Show how their balance sheet conforms to the fundamental accounting equation. |
| 2. | MegaStaff Consulting is a software consulting firm. At the end of 20x1 they had assets totaling $3,655,712 and liabilities totaling $2,721,066. What was MegaStaff's owner's equity at that ... |
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