Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall

Exercise 4

Understanding footnote disclosures and financial summary data This prob­lem is based on the 2008 annual report of Intel Corporation in the appendix. Find in the Selected Financial Data (also known as the Five-Year Financial Summary), or calculate, the following data:

a.Net revenues in 2005.

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b. Cost of goods sold in 2004.

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c. Difference between operating income and net income in 2006.

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d. Year(s) in which net income decreased compared to the previous year.

Find the following data for 2008 in the Notes to the Consolidated Financial Statements:

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e. Amount of interest income earned.

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f. Number of shares of stock potentially issuable under stock options outstanding at December 27, 2008.

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g. Total revenues from unaffiliated customers outside the United States.

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h. Amount committed for the construction or purchase of property, plant, and equipment.

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i. Fair value of available-for-sale investments classified as floating-rate notes.

 j. Cost of goods sold for the third quarter of 2008.

Step 1 of 10

Understand the footnote disclosures & financial summary data of Intel Corporation, which are as follows.

Note: The presented summarization is extracted from the appendix table of Intel Corporation given in the textbook.

Therefore, the findings based on extracted data are as follows:

a)

( refer to table, p. 26)