You will use information you find in a company's Form 10-K, which is the annual report that publicly-held companies file with the Securities & Exchange Commission (SEC.) The first thing you need to do is find a recent 10-K (issued within the past twelve months) for a publicly-held company in which you are interested. You can use the same Form 10-K that you have used in earlier postings or you can find a Form 10-K for a different company. To find a Form 10-K, you will use the SEC Edgar database. Search online for "SEC Edgar." If you know what company you are interested in, you might also be able to go to that company's Investor Relations website and locate its Form 10-K there. You can also view a short video about how to locate a Form 10-K on the SEC EDGAR site at http://youtu.be/MPgvGua9-RM. 1. Locate the note in the Financial Statements that relates to contingent liabilities; list the page number where you find this note. (It will be in the Notes to the Financial Statement section of the Form 10-k.) Summarize the contingent liabilities that the company has disclosed in its notes. 2. List any additional information you find through searches on the internet about additional possible contingent liabilities the company may have. Disclose the source of your information and comment on the reliability of that source. How do you think the company will handle, accounting- wise, the additional contingent liabilities you have discovered? 3. Locate the liabilities line item(s) in the Financial Statements. List the page number where you found liabilities on and the financial statement where the liabilities are located. Answer the following questions in your posting: 1. Has accounts payable (or trade payable) increased or decreased in dollar amount over the past year? By how much? 2. Calculate the accounts payable turnover for the most recent year. How many days on average does it take this company to pay its average accounts payable? 3. Has the company's long-term debt increased or decreased over the past year? Calculate the company's debt ratio for the past three years. What trend do these ratios show? 4. Locate and list the page number(s) of the Form 10-K that contains notes about the company's liabilities (there may be more than one note related to liabilities.) This liability note(s) will be found in the several pages immediately following the financial statements. Reply to your own original posting with information about the company's liabilities that you can determine from the company's note(s) about its investments. In your own words, describe the disclosures (in the notes) that the company makes about the accounting for its liabilities: You can comment on other people's original posting regarding anything you find Interesting or unique. You may also point out things in common between the various companies posted. You will use information you find in a company's Form 10-K, which is the annual report that publicly-held companies file with the Securities & Exchange Commission (SEC.) The first thing you need to do is find a recent 10-K (issued within the past twelve months) for a publicly-held company in which you are interested. You can use the same Form 10-K that you have used in earlier postings or you can find a Form 10-K for a different company. To find a Form 10-K, you will use the SEC Edgar database. Search online for "SEC Edgar." If you know what company you are interested in, you might also be able to go to that company's Investor Relations website and locate its Form 10-K there. You can also view a short video about how to locate a Form 10-K on the SEC EDGAR site at http://youtu.be/MPgvGua9-RM. 1. Locate the note in the Financial Statements that relates to contingent liabilities; list the page number where you find this note. (It will be in the Notes to the Financial Statement section of the Form 10-k.) Summarize the contingent liabilities that the company has disclosed in its notes. 2. List any additional information you find through searches on the internet about additional possible contingent liabilities the company may have. Disclose the source of your information and comment on the reliability of that source. How do you think the company will handle, accounting- wise, the additional contingent liabilities you have discovered? 3. Locate the liabilities line item(s) in the Financial Statements. List the page number where you found liabilities on and the financial statement where the liabilities are located. Answer the following questions in your posting: 1. Has accounts payable (or trade payable) increased or decreased in dollar amount over the past year? By how much? 2. Calculate the accounts payable turnover for the most recent year. How many days on average does it take this company to pay its average accounts payable? 3. Has the company's long-term debt increased or decreased over the past year? Calculate the company's debt ratio for the past three years. What trend do these ratios show? 4. Locate and list the page number(s) of the Form 10-K that contains notes about the company's liabilities (there may be more than one note related to liabilities.) This liability note(s) will be found in the several pages immediately following the financial statements. Reply to your own original posting with information about the company's liabilities that you can determine from the company's note(s) about its investments. In your own words, describe the disclosures (in the notes) that the company makes about the accounting for its liabilities: You can comment on other people's original posting regarding anything you find Interesting or unique. You may also point out things in common between the various companies posted