publicly traded company and access the company's most recent annual report
Instructions
Select a publicly traded company (small company) and access the company's most recent annual report (select the "Investors" menu item). Locate the notes to the financial statements and identify the information topics disclosed in these footnotes and explain the reasons for disclosure.CITE references
Answer
Financial Disclosure Chevron Corporation Annual reports for a company are disclosed to analyze the financial performance and progress of the entity. The disclosure is also a legal requirement for public corporations since they have their stocks sold to the public. They enable the public to determine the financial position and the companys adherence level to financial reporting standards. Chevron Corporation published its 2019 annual report where notes to the financial statements were included in the analysis. The topics included; general policies used, fair value measurements, inventory, goodwill, expenditure and non-current assets. The disclosure was aimed at ensuring that all the stakeholders get to understand the reporting policies used to prepare the statements. It serves as a summa...
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