Group Tasks (1) Determine the amount of expenses incurred by each company (2) Sp
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Group Tasks (1) Determine the amount of expenses incurred by each company (2) Speculate as to why investors would be willing to pay more for Apple than ExxonMobil. ATC 2-3 Research Assignment Identifying accruals and deferrals at Netflix This chapter defined and discussed accrual and deferral transactions. Complete the requirements be low using the most recent financial statements available on the Internet for Netflix, Inc. Obtain the statements by following the steps below. (Be aware that the formatting of the company's website have changed since these instructions were written.) may 1. Go to www.netflix.com. Click on "Investor Relations," which is at the bottom of the page in very small print. 3. Click on the "Annual Reports and Proxies" link at the left side of the page. 4. Click on the "20xx Annual Report." Use the PDF version of the annual report. 5. Find the company's balance 2. sheet and complete the requirements below. In recent years this hown toward the end of the Form 10-K section of the company's annual report, on page 38. The "Index" near the beginning of the report can help you locate the financial statements Required a. Make a list of all the accounts on the balance sheet that you believe are accrual-type accounts. b. Make a list of all the accounts on the balance sheet that you believe are deferral-type accountsExplanation / Answer
Accrual Accounts & Deferral Accounts
An accrual occurs before a payment or receipt. A deferral occurs after a payment or receipt. There are accruals for expenses and for revenues. There are deferrals for expenses and for revenues. A deferral of revenues refers to receipts in one accounting period, but they will be earned in future accounting periods.
List of all accounts on Balance Sheet of Netflx Inc
(a) Accrual Type Accounts
Current content liabilities
Accounts payable
Accrued expenses
Current content assets, net
Other current assets
(b) Deferral Type Accounts
Deferred revenue
Accrual Accounts & Deferral Accounts
An accrual occurs before a payment or receipt. A deferral occurs after a payment or receipt. There are accruals for expenses and for revenues. There are deferrals for expenses and for revenues. A deferral of revenues refers to receipts in one accounting period, but they will be earned in future accounting periods.
List of all accounts on Balance Sheet of Netflx Inc
(a) Accrual Type Accounts
Current content liabilities
Accounts payable
Accrued expenses
Current content assets, net
Other current assets
(b) Deferral Type Accounts
Deferred revenue
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