The following selected financial information is available for Best, Inc. Amounts are in millions of dollars.
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Required:
a. Divide the class into groups of four or five students each. Organize the groups into four sections. Assign Task 1 to the first section of groups, Task 2 to the second section, Task 3 to the third section, and Task 4 to the fourth section.
Group Tasks:
(1) Fill in the missing information for 2013.
(2) Fill in the missing information for 2014.
(3) Fill in the missing information for 2015.
(4) Fill in the missing information for 2016.
b. Each section should select two representatives. One representative is to put the financial statements assigned to that section on the board, underlining the missing amounts. The second representative is to explain to the class how the missing amounts were determined.
c. Each section should list events that could have caused the unusual items category on the income statement.