Question

Choose a company with an annual report you can obtain for review. Use the annual report to answer the following questions: Regarding the company’s current liabilities: How does the company value its current liabilities, and is this valuation justified? What were the company’s total current liabilities at the end of the fiscal year? What was the largest current liability? Describe other significant current liabilities as well. Is the company you selected involved in litigation? If so, what can be concluded from its disclosures regarding this litigation?

Answer 1

solution:

1)The currents value of liability of the company:

company valued its current liabilities in
historical cost means valuation of the attributes
has been done at a cost pertaining on dale
on which company has incurred liability.

2)The company's total current liability in the final year:

Company total liability at the end of
the fiscal year was 5 million.

3)The current largest liability:

.The largest
current liability is
Creditors.
. Creditors Company has Loon taken
from bank / FIS

4) The selected company is not in ligitation