Accounting Help

It is important to properly classify and report current and long-term liabilities because they affect liquidity.

Refer to the financial statements of the company you've selected to analyze. Research and answer the following:

1. What was the balance of total current liabilities for the two most recent years of your research? Did this balance trend upward or downward from one year to the next? What account or accounts experienced the largest change?
2. Refer to the notes to the financial statements. What makes up the accrued liabilities? Which liability makes up the largest portion of all accrued liabilities?