XACC 290 Week 9 Assignment – Analyze the information contained in the company’s balance sheet

Question
Week 9

.sec.gov/cgi-bin/viewer?action=view&cik=1326801&accession_number=0001326801-15-000006&xbrl_type=v”>http://www.sec.gov/cgi-bin/viewer?action=view&cik=1326801&accession_number=0001326801-15-000006&xbrl_type=v

Use the direct link to SEC website (provided by me) to acquire a copy of the most recent annual report (2014) for the publicly traded company, Facebook.

Analyze the information contained in the company’s balance sheet and income statement to answer the following questions,

What are the company’s total assets at the end of its most recent annual reporting period?(identify correct dollar amount)
Are the assets included under the company’s current assets listed in the proper order? Explain your answer.
How are the company’s assets classified?
How much cash and cash equivalents did the company have at the end of its most recent annual reporting period? (identify correct dollar amount)
What are cash equivalents? explain
What are the company’s total current liabilities at the end of its most recent annual reporting period? (identify correct dollar amount) Why is it important to know this information?
What are the company’s total current liabilities at the end of the previous annual reporting period? (identify correct dollar amount)
Considering all the information that was gathered, explain why might this information be important to potential creditors, investors, and employees? Explain your answer. Be specific in listing decisions, scenarios, etc.
Summarizethe analysis in an 800 word minimum paper in a Microsoft®Word document.

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

Format your paper and presentation consistent with APA guidelines.