Accounting

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Browse the Internet to acquire a copy of the most recent annual

report for a publicly traded company. Groupons is the company you will research

 

  Analyze the information contained in the company’s balance sheet

 

and income statement to answer the following questions: 

 

 

 

• What amount of accounts payable did the company have at the

 

end of its most recent annual reporting period? 

 

• What amount of accounts payable did the company have at the

 

end of the previous annual reporting period? 

 

• What are the company’s net revenues for the last three annual

 

reporting periods? 

 

• What is the change in dollars in the company’s net income from

 

its most recent annual reporting period to the previous annual

 

reporting period? 

 

 

 

Summarize the analysis in a 500- to 600-word paper in a

 

 

 

Include a copy of the company’s balance sheet and income

 

statement.

 

Format your paper consistent with APA guidelines.
 
 
Question 2
 

Discuss the objectives for Week Three. How do they relate to the

practice of accounting and its uses in business?

• Prepare closing entries, reversing entries, and a post-closing trial

balance.

• Prepare a financial statement worksheet.

• Prepare a classified income statement, retained earnings

statement, and balance sheet.

Write a 350- to 500-word summary of your Learning Team’s

discussion.

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