ACCOUNTING – Profiling A Coorperation: Dell

Description

This accounting paper will require you to complete each step from CP 13-6 found on page 623 and 624 of the textbook as well as two more details found in DELL’S annual report that provides 2018 information***. *PICTURES FROM THE BOOK WILL BE ATTACHED UNDER DOCUMENTS* The requirements are as follows: – complete each question from the book. Total of 10 questions plus the additional information listed in the bottom paragraphs rolling over to page 624. Plus complete these additional two details will require you to: (1) indicate the manner of presenting the statement of cash flows (direct method or indirect method) (2) identify at least one contingent liability for DELL from the notes to the financial statements. Every company on the Fortune 500 list has contingent liabilities and the statement of cash flows is a required financial statement according to GAAP. The market price for DELL should be obtained using the closing stock price for Monday, June 29, 2020, as the date. *** NOTE: Since not all companies have a calendar year end, you will need to look at the Form 10K as filed with the Securities and Exchange Commission to determine the fiscal year end, and prepare this research document for the year that includes the majority of 2018 figures. [[For example, if Company XYZ has a fiscal year end of March 31, you would not use the annual report files in 2018 because it would only include three months of 2018 data. Therefore, the 2019 annual report must be used as the basis for the presentation. ]]

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