publicly traded company: STEELCASE (name of company).
Obtain an annual report from a publicly traded corporation.
Be sure that the company has deferred taxes, a retirement plan, share-based
compensation, earnings per share, and a cash flow statement. Then need help
with the following questions:
1. What amount of deferred tax assets or deferred tax
liabilities are on the two most recent years on the balance sheet? What gives
rise to these deferred taxes? What information is disclosed in the footnotes
related to deferred taxes? Please define a deferred tax asset and deferred tax
liability.
2. What temporary and permanent differences does the company
disclose in its footnotes? What are some other examples of temporary and
permanent differences?
3. What is the amount of income tax provision in the two
most recent years on the income statement? What information is disclosed in the
footnotes relating to income tax expense? Does the company have a net operating
loss carryforward or carryback? What are the guidelines for carryforwards and
carrybacks?
4. Does the company have a defined benefit or defined
contribution plan? What are the key elements of the plan discussed in the
footnotes? What amounts on the balance sheet relate to this plan? What are the
differences between defined benefit and defined contribution plans?
5. What are the earnings-per-share amounts disclosed on the
income statement for the most recent year? What dilutive securities are
discussed in the footnotes? Please identify and describe other examples of
dilutive securities. How do these impact earnings per share?
6. What kind of share-based compensation does the company
have? What was the compensation expense for the two most recent years? What are
the key elements of this plan discussed in the footnotes? Please identify and
describe other types of share-based compensation.
7. Does the company use the direct or indirect cash flow
presentation method? What is the difference between these two methods? How does
the cash flow statement agree to the other financial statements?
8. What investing and financing activities does the company
have? What are some other examples of investing and financing activities?
9. What non-cash transactions does the company have on its
cash flow statement? What are some other examples of non-cash transactions?
