The Following Note Disclosure Appeared in a Recent Annual Report

question 96

Essay

The following note disclosure appeared in a recent annual report of Halliburton:

Our receivables are generally not collateralized. Included in notes and accounts receivable are notes with varying interest rates totaling $12 million at December 31. At December 31, 39% of our consolidated receivables related to our United States government contracts, primarily for projects in the Middle East

-Explain the transactions that typically would affect the discount on notes receivable account.

Understand the neurological basis of learning and the biological factors influencing learning and behavior.

Recognize the effects of the environment on cognitive development and learning.

Identify factors that influence the development of phobias and the principles of extinction.

Understand the concept of latent learning and its implications for behavior without direct reinforcement.

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Definitions:

Ocean Floor

The bottom surface of an ocean basin, consisting of various geological features including trenches, volcanoes, and flat plains.

Cross Section

A diagram or model that shows a vertical slice through structures or materials, revealing internal features.

Oceanic Plateau

Large, elevated areas of the seafloor, characterized by thick crusts and often formed by volcanic activity or mantle plumes.

Seafloor Spreading

The process by which new oceanic crust is formed at mid-ocean ridges and slowly moves away from the ridge, creating new seafloor.