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:

Adequate Sleep

The amount of sleep required for optimal physical and mental functioning.

Nightmares

Vivid and disturbing dreams that cause emotional distress, typically occurring during REM sleep.

Sleep Stage

Phases of sleep characterized by specific brain waves and neurological activity, including REM and various stages of NREM sleep.

Sleepwalking

Sleepwalking, or somnambulism, is a sleep disorder where a person walks or performs other activities while not fully awake.