For this project, you will be working in CLC groups of three or four students. Each student will individually research a company and analyze one of the Items for Analysis listed below. Each team member must select the same item so you can compare your companies. Refer to the Collaborative Learning Community Project Overview in the Course Materials for further information. Items for Analysis: Criteria for Requirement 1, Part 1 Submission (Choose item A or B).

A. Review your companys current and long-term liabilities section of the most recently published balance sheet. Explain the details of the current and long-term debt based on the disclosures found in the financial statements. Do not complete a ratio analysis. Instead, focus on the details in the notes and determine how well the company presented the information to an informed reader. What did the company provide about its debts in the notes, and why is that information important? How does each company comply with the rules as provided in the FASB Codification?

Company chosen is BestBuy