Accounting mod 2 CA

ACCOUNTING
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(23 October 2010)
Accounting
Publicly held companies exist when the stock of that company is under the ownership of the general public members. The stocks of publicly held companies are openly traded. For the companies to be publicly held, they must be organized as corporations. Corporations are legal forms of businesses that are established by the corporate charter that is usually granted by a certain state. The corporate charter establishes corporations as separate legal entities from their owners. Usually corporations are said to be "legal persons" and might enter into agreements, make some contracts, and sue or even be sued. This assignment identifies three publicly held companies from the internet and refers to their financial statements in each of the last three years. It looks at the trend of net income over the three years, trend of cash flow from the operating activities over the last three years.
The publicly held companies that are chosen for the purpose of this assignment are: Motorola, Nike and Yahoo. The Motorola`s Net income in U.S dollars, for the years 2009, 2008 and 2007, are -51,000,000 -4,244,500 and -49,000,000 respectively. The Cash Flow from Operating Activities for the years 2009, 2008 and 2007 are; total revenue 22,044,000, 30,146,000 and 36,622,000 respectively, cost of revenues are 14,987,000, 21,751,000 and 26,670,000 respectively. Net income from continuing operations are; 88,000, 4,244,000 and 105,000 respectively. Non-recurring events included discounted operations; 60,000, 0, 56,000 respectively. The Historical Cost of Non-Current Assets for the same years are; 2,284,000, 2,564,000 and 2,634,000 respectively, (moneycentral.msn.com, 2010a).
Yahoo statistics are as follows. Net income in U.S dollars, for the years 2009, 2008 and 2007, are; 59,799,000, 41,892,000 and 63,916,000 respectively. The Cash Flow from Operating Activities...