Refer to Reeboks financial statements in Appendix E. Review the balance sheet to determine how and when
Question:
Refer to Reebok’s financial statements in Appendix E. Review the balance sheet to determine how and when long-term liabilities are reported.
Required
a. Read Note 8 “Long Term Debt.”Identify and discuss any unusual terms. Trace numerical disclosures of long-term liabilities in the notes to corresponding disclosures in the financial statements.
b. Discuss any other unusual concerns regarding Reebok’s long-term liabilities.
What other related information might an external analyst prefer?
c. Note 8 contains a list of various debt issues, maturity dates, and interest rates.
Comment on why Reebok might have long-term debt issues with such different interest rates and different maturities.
Step by Step Answer:
Financial Accounting Reporting And Analysis
ISBN: 9780324149999
6th Edition
Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice