After reading the suggested chapters for this week, review the balance sheet of a large publicly traded company and determine whether this company might be a company in which you would like to invest.
Considering the above scenario, respond to the following questions:
What are the specific accounts on the balance sheet to which you would pay particular attention?
How will you select the specific accounts on the balance sheet to which you would pay particular attention?
Which account balances that might be estimated?
How would the company come up with these estimated amounts?
What are the risks and benefits of using estimations on the balance sheet?