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Accounting 305

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Annual Report Analysis
Costco Wholesale
Accounting 305

Table of Contents

Introduction………………………………………………………………………………………………………2
The firm’s auditors and their opinion on the financial statements……………………………………………….2
The subsequent events, errors and irregularities, illegal acts, or related-party transactions……………………...3 that have a material effect on the financial statements were none……………………………………………......3
The trend in total assets and total liabilities for the years presented…………………………………………...…3,4
The company’s three largest assets for the most recent year presented……………………………………….…..4
The company’s three largest liabilities for the most recent year presented……………………………………….4
The types of stock the company has and the outstanding shares for each type of stock for the most recent year presented………………………………………………………………………………...4
The company use of multiple-step income statement……………………………………………………………..5
The income statement with no discontinued operations or extraordinary items, in any year presented…………..5
The trend in net income over the years presented……………………………………………………………....….5 The company has no comprehensive income reported……………………………………………………………6 The company use of indirect cash-flow statement method………………………………………………………..6
The trend in cash from operations for the years presented…………………………………………………………6
The two largest items included in cash from investing activities…………………………………………………..7
Conclusion………………………………………………………………………………………………………….8

Costco Wholesale Corporation originated in San Diego California, USA, 1976. The first name was Price Club, but changed again to Price Costco and lastly Costco. According to website, Sec.gov, 2014, “Costco is a Washington corporation, publicly traded under the NASDAQ ticker symbol “COST”, with its home office in Issaquah, Washington, US.” The stores are located nationally as well as

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