Each member of the team should select a large corporation and go to its website. Surf around

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Each member of the team should select a large corporation and go to its website. Surf around until you find the company’s balance sheet. Often the appropriate tab is labeled as one of the following:
• Investor Relations
• About the Company
• Financial Reports
• 10-K Report On the company’s balance sheet, scroll down until you find the liabilities.

Requirements
List all the company’s liabilities—both current and long-term—along with each amount.
Read the company’s notes to the financial statements and include any details that help you identify the amount of a liability.
Compute the company’s debt to equity ratio.
Bring your findings to your team meeting, compare your results with those of your team members, and prepare either a written report or an oral report, as directed by your instructor.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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