(Answered) Refer to the latest annual financial statements for the two

Accounting

Refer to the latest annual financial statements for the two following companies: Apple and Samsung

Clearly identify the companies, the time period, and include the link to the financial statements you are analyzing in your report.

1. What accounting conventions do the two companies follow, US GAAP or IFRS?

2. Locate the income statement for the past two years for both companies. Prepare a table comparing five items or more from each statement.

3. Comment on the changes from one year to another. Is the company doing better or worse? Did revenues and expenses increase or decrease?

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