Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 1

Team Activity
In teams, select a public company that interests you. Obtain the company's most recent annual report on Form 10-K. The Form 10-K is a company's annually required filing with the Securities and Exchange Commission (SEC). It includes the company's financial statements and accompanying notes. The Form 10-K can be obtained either (A) from the investor relations section of the company's Web site or (B) by using the company search feature of the SEC's EDGAR database service found at www.sec.gov/edgar/searchedgar/companysearch.html.
Based on the information in the company's annual report answer the following questions:
1. What amount of current liabilities does the company report on its balance sheet at the end of the most recent year? What types of current liabilities does the company report?
2. Have current liabilities increased or decreased from the prior year? By what amount?
3. Does the company disclose any contingent liablities in the notes to the financial statements? If so, briefly describe the nature of these contingent liablilities.
4. How much of the company's long-term debt will come due in the coming year?