ACCT 323 – Extra Credit – 10 points
Find Google’s 2014 Annual Report and answer the following questions:
1. Looking at the Income Statement and Tax Footnotes, what was the company’s effective income tax rate for the year?
2. What does the company’s income tax footnote tell you about where the company earns its international income? What are the company’s main tax jurisdictions?
3. What item creates the company’s largest deferred tax asset?
4. What item creates the company’s largest deferred tax liability?
5. How does the company classify its income taxes payable related to its unrecognized tax benefits on the balance sheet?
6. Does the company have a valuation allowance? If so, how much and what does it relate to?
7. What is the largest cash flow item from investing activities?
8. What is the largest cash flow item from financing activities?
9. Identify any disclosures of non-cash transactions.
10.Does the company have overall positive or negative cash flow for the year?
Your answers must have complete explanations.
This is an individual project and your work MUST be your own and in your own words. Any submissions suspect of plagiarism will NOT receive credit.
Due to be submitted on bblearn by, February 14th, at 10:00am.
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