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Examine the balance sheet and income statement from the current annual report

Examine the balance sheet and income statement from the current annual report

Subject: Business    / Accounting
Question

1) Examine the balance sheet and income statement from the current annual report for the company “Activision Blizzard” (link to 2015 annual report and also Market Watch websites below) and identify the items that deviate from the typical formats of

the classified balance sheet and multi-step income statement.

2) Find justification in the FASB Codification (link to website below) that supports or contradicts the financial statement presentation, and cite the Codification section so that your classsmates can find this information.

Annual Report

http://investor.activision.com/annual-reports.cfm

Market Watch website for Blizzard Activision

http://www.marketwatch.com/investing/stock/ATVI/financials

FASB Codification Website

http://www.fasb.org/home

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