- Read the attached research paper.
- In your own words, summarize key points of the research paper (Do not copy any part of the research paper). (20 points)
- Under what circumstances, would you report an income statement as the first financial statement in a 10-K filing? (10 points)
- Under what circumstances, would you report a balance sheet as the first financial statement in a 10-K filing? (10 points)
- From the financial statement user’s viewpoint, would the loose standards about the order of financial statements reported in 10-K filings be beneficial or harmful for the financial statement user’s decision making? (30 points)
- What would you suggest as future follow-up research with respect to the order of financial statements reported in 10-K filings? Why do you think your follow-up research idea(s) is(are) important in making financial reporting more useful?
Sample Solution
