Part 1 (Use the Annual Report of your selected company)

Please begin your post by letting us know which of the companies noted above you selected. The first sentence of your post should be:

"I will be researching the annual report of _____________."(state selected company)

1. Please let us know which expense on the Income Statement is the largest expense.

2. Please let us know which Fixed Asset on the Balance Sheet is the largest in terms of cost.

Part 2

Describe the nature of the assets that compose the following sections of a Balance Sheet: (a) current assets, (b) propertly, plant and equipment. Please also let us know what the difference is between a current liability and a long-term liability.

Responses to Instructor

Please check your thread for questions or comments from me and be sure to provide a comprehensive response, as requested.

Responses to Classmates

Please let your classmates know why you selected the company that you'll be using for your annual report. Do you like the product? Are you familiar with the company?

Also, please provide your classmates with examples of accounts that are current liabilities, long-term liabilities, current assets, and fixed assets.

Writing and References

Please make sure that your initial post contains a properly cited references. Please use APA style. You should cite your text as a minimum. Also, please include the link to your company's annual report. Additionally, check your spelling and proofread your post before you hit the submit button.