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Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Coursework
Language:
English (U.S.)
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Date:
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Topic:

Current and Long-term Liabilities of Tesla

Coursework Instructions:

Review your company’s current and long-term liabilities section of the most recently published balance sheet. Explain the details of the current and long-term debt based on the disclosures found in the financial statements. Do not complete a ratio analysis. Instead, focus on the details in the notes and determine how well the company presented the information to an informed reader. What did the company provide about its debts in the notes, and why is that information important? How does each company comply with the rules as provided in the FASB Codification?
I choose Tesla (car industry). Homework must be 200-250 words.

Coursework Sample Content Preview:

Current and Long-term Liabilities
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Course
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Current and Long-term Liabilities
In the published financial statements of 2021 for Tesla, current assets for the company comprised accounts payables, accrued liabilities, deferred revenue, customer deposits, and the current portion of debt and lease financing. Customer deposits contain cash payments during order placement and prepayments on contracts such as vehicle maintenance plans. Accrued liabilities for Tesla were disclosed as accrued purchases, taxes payable, current portion of accrued warrant reserve, current portion of operating lease liabilities, accrued interest, and other current liabilities. Accrued assets comprise delivered purchases but not invoiced by the supplier.
Long-term liabilities for Tesla are made up of debt and finance leases, deferred revenue, and other long-term liabilities. Under the notes, debt was disclosed and catego...
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