Google Financial Statement - Annual Report: Liabilities
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Prepare a 400 word paper in which the following questions are answered by using Googles , information contained in the companyâ??s balance sheet and income statement, answering the following questions, noting that annual reporting period and fiscal year mean year-end numbers.
o What amount of accounts payable did the company have at the end of its 2 most recent annual reporting periods?
o What were the companyâ??s total current liabilities at the end of its 2 most recent annual reporting periods?
o What were the companyâ??s two largest current liabilities at the end of its 2 most recent annual reporting periods?
o What were the companyâ??s total liabilities at the end of its 2 most recent annual reporting periods?
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Solution Summary
Your tutorial is 519 words plus one reference and includes a discussion of the two largest liabilities in 2010 compared to 2009.
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Accounts Payable
Google?s Accounts Payable more than doubled from 2009 to 2010 per their Consolidated Balance sheet in their 2010 Form 10K (Google 2010, pp. 49). The reason for this increase is that they had more expenses over the year from the end of 2009 to the end of 2010 than they paid vendors for purchases and services received on credit. It is not uncommon for the accounts payable balances for firms to fluctuate from year to year based on the incidental timing of the year end check runs and so a temporary spike is not a cause for alarm. It could be something as simple as the end of the year falling on a weekend so the checks were sent out on Monday! The balance sheet is just the ending balance on one day of the year so it is possible to get an unusual balance on any one particular day and that ...
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