Access the most recent annual report for a US based multinational company with which you are familiar.http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=WMT&dataset=balanceSheet&period=A¤cy=native** Many companies make annual reports available on their corporate internet home page. Annual reports also can be accessed through the SECâs EDGAR system at www.sec.gov (under filling type, search for 10K)a. Identify the location(s) in the annual report that provides disclosures related to the translation of foreign currency financial statements and foreign currency hedging.b. Determine whether the companyâs foreign operations have a predominant functional currencyc. Determine the amount of remeasurement gain or loss, if any, reported in net income in each of the three most recent years.d. Determine the amount of translation adjustment, if any, reported in other comprehensive income in each of the three most recent years. Explain the sign (positive or negative) of the translation adjustment in each of the three most recent years.e. Determine whether the company hedges net investments in foreign operations. If so, determine the type (s) of hedging instrument used.**Note:⢠Wherever possible, reference the amounts in your answers to the specific pages of the annual report from which you will derive them so you can show me clearly where you derive the answers from.⢠Please submit your answers in word format. Your answers should be listed in the above order (a,b,c,d,e)⢠After your answers section, please include a link to the website where I can access the annual report for the company that you selected
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