17 Feb Deciphering Financial Statements (The Walt Disney
Deciphering Financial Statements (The Walt Disney Company)Locate the 2004 financial statements for The Walt Disney Company and answer the following questions.1. Review the income statement and related notes and determine whether the company had any accounting changes for any of the years reported. To what did those changes relate?2. Briefly describe the nature of any changes identified in (1).3. How large of an effect did the changes identified in (1) have on Disney’s EPS?4. Did any of the changes identified in (1) have associated cash flow effects?