This week we are studying llabilities and how we account for them. Pick a large NYSE or Nasdaq company that you know something about or do business with. $($Do not use Amazon$).$ Go to their website, under Investor Relations find their latest annual report.

Describe the items they have listed in the Balance Sheet as llabilities.

Distinguish between how short$-$term and long$-$term debt obligations are reported in a company's financial statements and give the dollar totals of each.

Search the Notes to the financial statements to determine what they discuss about their liabilities. What additional details do they give that are not in the financial statements?

Where else might you find information about the company debt in the annual report and what would it tell you?

From what you learned so far about their liabilities, how do you evaluate the company?