The paper should be two to three pages (if you need more than three, that is fin

The paper should be two to three pages (if you need more than three, that is fine) in length, double-spaced using Times New Roman, and have a Font size of 12. I put these specifics in so that each paper looks the same and I can focus on the content easier.
When answering the questions being asked, please be sure that you focus on interpreting the information, as that is the real assignment here. Don’t just list what is happening; give those details as your answer. Use those details to support your interpretation; I think you will learn more about the topics at hand! In addition, always be sure you are relating these back to the companies’ financial position, any GAAP rules that apply to the situation, how those rules can be manipulated, or a combination of all three! Doing either or all of those (whichever applies to the question at hand) will show me you have gained at least a basic understanding of financial accounting!
Assignment for Module 3
Attached is a spreadsheet with several years of financial reporting data from Sears. Review the income statement for elements that would affect future earnings. How much of the income or expense are one-time amounts.
sears.xlsx
Review the revenue recognition footnotes from GE and Disney (for Disney you are presented two different years. The first one presented is the latest, 2016. The second one, at the bottom of the page, is from 2005.)
GE revenue recognition.docx
Disney Revenue Recognition.docx
Submit a paper providing the following:
For the Sears Company, provide a brief detail of the one-time charges included in the income statement. What do these charges inform the reader regarding the ongoing survival of the company? Since sale of assets are included in all four of the most recent year financial statements what does this inform the reader?
For the GE revenue recognition footnote. Can you decipher what this company is attempting to explain to the readers of the financial statements?
For the Disney revenue recognition footnote compare the two different footnotes presented and explain the difference between the two and your opinion on why this footnote has changed so significantly in the last 10 years.