Topic 1: Contingencies When examining financial statements, a note that describes contingencies should be reviewed closely for possible significant liabilities that are not disclosed on the face of...

Topic 1: Contingencies

When examining financial statements, a note that describes contingencies should be reviewed closely for possible significant liabilities that are not disclosed on the face of the balance sheet. Do you agree or disagree? Why?

Topic 2: Operating Income

How does operating income differ from net income? How do operating assets differ from total assets? What is the advantage in removing non-operating items from the DuPont analysis?




Topic 1: Contingencies When examining financial statements, a note that describes contingencies should be reviewed closely for possible significant liabilities that are not disclosed on the face of the balance sheet. Do you agree or disagree? Why? Topic 2: Operating Income How does operating income differ from net income? How do operating assets differ from total assets? What is the advantage in removing non-operating items from the DuPont analysis?