The Following Note Disclosure Appeared in a Recent Annual Report

question 31

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 reason that Halliburton indicates that its receivables include notes with varying interest rates totaling $12 million at December 31. What significance does this have to the reader?

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Definitions:

Adjustment Difficulties

Challenges experienced in adapting to new situations, environments, or changes, potentially causing stress or discomfort.

Emotional Balance

The ability to manage and express one's emotions in a healthy and productive manner, maintaining a state of mental stability.

Academic Achievement

The extent of a student's success in completing educational benchmarks or obtaining high performance in their studies.

Growth Mindset

The belief that one's abilities and intelligence can be developed through dedication, hard work, and perseverance.