1.
Annual Report: It is a comprehensive financial report that shows all the business activities that takes place throughout the previous financial year. Its purpose is to provide the complete financial information of a company’s financial activities to its users in order to help them analyze and take well informed decisions.
To state: whether T Corporation had any preferred stock at January 30, 2016.
2.
To State: whether T Corporation is authorized to issue preferred stocks.
3.
To find: the number of common stock T Corporation was outstanding at January 30, 2016.
4.
To state: whether T Corporation paid any dividends during the year ending January 30, 2016.
5.
To Show: the computation of earnings per share by T Corporation of $5.35 for 2015.
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Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
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