Xerox reports several sources of income. How should revenue be recognized for each of these business activities? Explain.

Compute the relative size of Sales revenue (total) and of revenue from Service, outsourcing and rentals. Hint: Scale each type of revenue by Total revenue. Which type of revenue grew more in 2010?

Xerox reports research, development and engineering expenses (R&D) each year. Compare R&D spending over the three years. Hint: Scale R&D by Total revenue each year. What might explain the change in 2010?

Xerox reports restructuring costs each year. (1) Describe the three typical categories of restructuring costs and the accounting for each. (2) How do you recommend treating these costs for analysis purposes? (3) Should regular recurring restructuring costs be treated differently then isolated occurrences of such costs for analysis purposes/ (4) What does the $(8) expense in 2009 imply about one or more previous yearâs accruals?

Xerox reports $3899 million in expenses in 2010 labeled as Other expenses, net.â How can a company use such an account to potentially obscure its actual financial performance?