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Toys'R'Us Annual Report Activities
Fingraph Financial Reporting and Analysis Cases Using CPAnalyst(r)
SMARTHINKING
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Needles Accounting Resource Center
Principles of Financial Accounting
, 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College
Toys'R'Us Annual Report Activities
Chapter 3
Analysis of Balance Sheet and Adjusting Entries
Refer to the balance sheet in the Toys "R" Us Annual Report. Examine the accounts listed in the current assets, property and equipment, and current liabilities sections to answer the following questions:
1. Which accounts are most likely to have had year-end adjusting entries?
2. Tell the nature of the adjusting entries.
For more information about the property and equipment section, refer to the Notes to the Consolidated Financial Statements in the Annual Report.
Either print out your answers for submission or email them to your instructor.
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