Business, 12.08.2020 08:01, natetheman7740

1. What is the nature of CVS' business? That is, based on what you know about the company and on the accompanying financial statements, how does CVS make money? 2. What financial statements are commonly prepared for external reporting purposes? What titles does CVS give these statements? What does "consolidated" mean? 3. How often do publicly traded corporations typically prepare financial statements for external reporting purposes? 4. Who is responsible for the financial statements? Discuss the potential users of the CVS financial statements and the type of information they are likely interested in. 5. Who are CVS' external auditors? Describe the two "opinion" letters that CVS received. In your own words, what do these opinions mean? Why are both opinions dated several months after CVS' year-end?

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1. What is the nature of CVS' business? That is, based on what you know about the company and on the...