In this exercise, develop a project having to do with writing notes for a fictitious annual report. The exercise should consist of, but not be…

In this exercise, develop a project having to do with writing notes for a fictitious annual report. The exercise should consist of, but not be limited to, the items below.Note 1: Significant Accounting Polices (consisting of at least 10 items)Notes 2–10+: Consisting of at least the items below.InventoryProperty, Plant, & EquipmentContingencies and LiabilitiesChanges in Accounting Principles or EstimatesPost Balance Sheet EventsMergers and AcquisitionsLease ObligationsEPSLong-Term DebtEmployee Pension Obligations

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