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Acc/230 Week 4 Checkpoint

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From the analysis of the Eastman Kodak Company’s consolidated statement of financial position or income statement, which is stated in millions except for share and per share data, there were some differences that are discussed in the following: operating income, comprehensive income, total liabilities, and total shareholders’ equity. Although there was no change in the cost per share there was a change in the retained earnings though.

Under the company’s assets the substantial changes occur in the following from 2003 to 2004. There was a $5,000 increase in cash and cash equivalents in 2004. There is a $217 million dollar increase in net receivables in 2004. There was an increase of $80 million in the inventories net in 2004. The company’s deferred taxes in 2004 decreased $40 million compared to 2003. The other current assets for 2004 was 24 million less than 2003, as well as decrease of assets of discontinued operations in 2004 of 42 million. This left a total decrease of $109,000 in total current assets from 2003 to 2004. There was a decrease of $539,000 in 2004 in property, plant and equipment net. The company increased their goodwill assets by $97,000 in 2004 and raised their other long term assets by $202,000 in 2004. There were no assets of discontinued operations claimed in 2004 for the company’s long term assets. This left a total decrease of $109,000 in total assets from 2003 to 2004.

Under the company’s liabilities and stockholders’ equity there were some substantial changes as well in 2004. There was a $266,000 increase in accounts payable and other current liabilities. A $477,000 decrease happened in short term borrowings and an $18,000 decrease in accrued income taxes. This left a total decrease of $265,000 in total current liabilities. In 2004 there was a decrease in long term debt, net of current portion, of $450,000. There was a deduction of

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