Fundamental Financial Accounting Concepts
Fundamental Financial Accounting Concepts
10th Edition
ISBN: 9781259918186
Author: Thomas P Edmonds, Christopher Edmonds, Frances M McNair, Philip R Olds
Publisher: McGraw-Hill Education
Question
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Chapter D, Problem 1Q
To determine

Indicate the number of employees Corporation T employed during 2016.

Expert Solution & Answer
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Explanation of Solution

Annual report project

Annual report: This is a complete report of the business activities published by public corporations annually, and includes the financial performance and detailed business activities of the company for the previous year, which is audited by an independent auditor.

Number of employees: As per the ‘Item 1. Business” of annual report of Corporation T of 2016, the corporation employed 323,000 employees. Employees are referred to as ‘team members’ by the corporation.

Note: Refer to the 2016 annual report of Corporation T available in the website given in the question.

Conclusion

The number of employees Corporation T employed during 2016 was 323,000.

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