Describe the items they have listed in the balance sheet

Assignment Help Accounting Basics

Reference no: EM133535720

Discussion Post I:

We are studying liabilities and how we account for them. Pick a large NYSE or Nasdaq company that you know something about or do business with. (Do not use Amazon). Go to their website, under Investor Relations find their latest annual report.

Question 1. Describe the items they have listed in the Balance Sheet as liabilities.

Question 2. Distinguish between how short-term and long-term debt obligations are reported in a company's financial statements and give the dollar totals of each.

Question 3. Search the Notes to the financial statements to determine what they discuss about their liabilities. What additional details do they give that are not in the financial statements?

Question 4. Where else might you find information about the company debt in the annual report and what would it tell you?

Question 5. From what you learned so far about their liabilities, how do you evaluate the company?

Discussion Post II:

Sometimes the value spent by a corporation is recorded as an asset and sometimes as an expense. Find appropriate professional research to answer the following:

Question 1. Define the two terms. How and why are these expenditures different from each other?

Question 2. How are they different from Liabilities?

Question 3. Describe the effects of assets and expenses on the company's financial statements.

Question 4. In ACC1001 you studied about Current Assets. How do they affect the financial statements differently from fixed assets?

Question 5. Comment on the statement that "all assets are eventually expenses"

Reference no: EM133535720

Questions Cloud

How do we define cultural competence : How do we define cultural competence? Does this prove that we have a complete understanding of various people groups? What does this entail for our ability

What is main responsibility of the federal reserve : What is a main responsibility of the Federal Reserve? What is a BENEFIT of globalization? How do tariffs protect native industries from foreign competition?

Determine where the child is meeting emotional developmental : Determine where the child is meeting emotional developmental milestones and where additional support might be beneficial. For this min- lesson plan include

What steps would you take in assessing community needs : What steps would you take in assessing community needs and developing appropriate group programs? What kinds of personal issues might either help or hinder

Describe the items they have listed in the balance sheet : Describe the items they have listed in the Balance Sheet as liabilities. Define the two terms. How and why are these expenditures different from each other?

Summarize three main claims made by zaki and mitchell : Summarize three main claims made by Zaki and Mitchell then compare and contrast their claims to the attachment theory and the bystander effect.

Action affect congressional voting on controversial issues : Why do interest groups score members of Congress on certain votes and how does this action affect Congressional voting on controversial issues?

What would you change and why : what would you change and why? What topic particularly caught your interest and what do you want to know more about? Last, but not least, if you could share

Budget cuts required from the sequester : What is sequestration, why was it implemented, and how has the Pentagon dealt with budget cuts required from the sequester?

User Account

All Pages