Company: Facebook

CP 11-3 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 state- ments and accompanying notes. The Form 10-K can be obtained either (a) by referring to the investor relations section of the company's website 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? If so, by what amount? 3. Does the company disclose any contingent liabilities in the notes to the financial state- ments? If so, briefly describe the nature of these contingent liabilities. 4. How much of the company's long-term debt will come due in the coming year