I need an explanation for this Accounting question to help me study.

Key Assignment Draft

IMPORTANT NOTE: You may have to research more than 1 company to complete the Key Assignment. Plan accordingly.

The purpose of this Key Assignment is to get familiar with annual reports and to understand the financial implications of the following:

Access the company’s Web page on the Internet to read its most recent annual report. The annual report is typically found in an “Investor Relations” or “Company Information” section within the company’s Web site. If the company does not provide a full annual report, select another company for your project. Verify that the full annual report includes the following:

Once you have found a full annual report, complete each part of the assignment.

Please cover all of the items listed in the questions below. You can select more than 1 company if your chosen company does not have all the items listed below.

Using the financial statements of your company (or companies), write a 1,000–1,500 word paper that addresses the following questions: