For WizardKim-CS

Week 5 Case Study:

Costco Wholesale Corporation owns and operates membership warehouses in the United States, Canada, United Kingdom, Mexico, Japan, Australia, and Spain. Costco also engages in retail operations through majority owned subsidiaries in Korea and Taiwan. The outside equity interests (not owned by Costco) in the Korean and Taiwanese subsidiaries are presented collectively as noncontrolling interests in Costco’s consolidated financial statements.

Access Costco’s 2015 10-K annual report and answer the following:

1.  How does Costco present the noncontrolling interest in the following financial statements?

· Consolidated Balance Sheet

· Consolidated Income Statement

· Consolidated Statement of Other Comprehensive Income

· Consolidated Statement of Cash Flows

2.  Explain how Costco’s presentations of the noncontrolling interest reflect the acquisition method for consolidated financial reporting as a single economic entity.

You can access Costco’s 2015 10-K annual report in the SEC’s Company Search page

https://www.sec.gov/edgar/searchedgar/companysearch.html

Include the URL link and page number for any information obtained in the report in your List of References

Paper Format:

·  Minimum 3 pages total (not including title page, abstract or reference page)

·  Proper APA format

·  Minimum of 4 scholarly sources including a limited use of your textbook.

Paper Rubric-Grading

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Score

Content

Points Range:0 (0.00%) - 55 (55.00%)

A majority of the paper is an analysis and application of the topic assigned. Discussion of the topic is accurate and includes relevant examples. Related sources are used to explain the analysis and application. Creative solutions and recommendations are based on a relevant analysis of the issues presented and a review of current literature.

Sources

Points Range:0 (0.00%) - 20 (20.00%)

The paper contains the minimum required number of scholarly/authoritative sources from current professional literature (found in the KU library) supplemented with authoritative sources such as applicable standards, laws, regulation, etc.

Formatting

Points Range:0 (0.00%) - 15 (15.00%)

The paper is logically organized, follows proper APA format including cover page, abstract, introduction, proper headings, conclusion, exhibits, etc. In-text citations and references conform to APA standards.

Writing

Points Range:0 (0.00%) - 10 (10.00%)

Paper is written at the graduate level. Error-free writing is clear and thoughts are organized into complete sentences and paragraphs.