Items for Analysis:
Criteria for Requirement 2, Part 2 Submission (Choose item C or D).
C. Review your company’s investments on the balance sheet. Explain the details of the investments based on the amounts and disclosures found in the financial statements. What information does the investment section, along with applicable notes to the financial statements, provide to the user? How does each company comply with the rules as provided in the FASB Codification?
D. Review your company’s revenue recognition note in the notes to the financial statements. Explain the details of the revenue recognition policies and procedures based on the disclosures found in the financial statements. How does this information help the user of the financial statements understand when and why revenue is recognized? How does each company comply with the rules as provided in the FASB Codification?
Prepare a comparative paper using the companies your team members analyzed. Refer to CLC Project Assignment 1 if you need to review the assignment criteria and expectations. The second portion of the assignment submission should include:
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