CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: $ 14,054 11,401 17,718 2,138 24,186 69,497 131,998 20,915 12,702 $ 235,112 Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable $ 30,625 18,717 8,617 6,398 Total current liabilities Long-term debt Other noncurrent liabilities 64,357 29,404 28,253 122,014 Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity 1 25,512 87,585 113,098 $235,112 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $21,304 from banks due in two years. b. Purchased additional investments for $21,500 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,610 in cash and signed a short-term note for $1,448. d. Issued additional shares of common stock for $1,507 in cash; total par value was $1 and the rest was in excess of par value e. Sold short-term investments costing $19,045 for $19,045 cash. f. Declared $11,163 in dividends to be paid at the beginning of the next fiscal year.
CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: $ 14,054 11,401 17,718 2,138 24,186 69,497 131,998 20,915 12,702 $ 235,112 Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable $ 30,625 18,717 8,617 6,398 Total current liabilities Long-term debt Other noncurrent liabilities 64,357 29,404 28,253 122,014 Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity 1 25,512 87,585 113,098 $235,112 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018): a. Borrowed $21,304 from banks due in two years. b. Purchased additional investments for $21,500 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; paid $9,610 in cash and signed a short-term note for $1,448. d. Issued additional shares of common stock for $1,507 in cash; total par value was $1 and the rest was in excess of par value e. Sold short-term investments costing $19,045 for $19,045 cash. f. Declared $11,163 in dividends to be paid at the beginning of the next fiscal year.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.10E
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Question
Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018):
- Borrowed $21,304 from banks due in two years.
- Purchased additional investments for $21,500 cash; one-fifth were long term and the rest were short term.
- Purchased property, plant, and equipment; paid $9,610 in cash and signed a short-term note for $1,448.
- Issued additional shares of common stock for $1,507 in cash; total par value was $1 and the rest was in excess of par value.
- Sold short-term investments costing $19,045 for $19,045 cash.
- Declared $11,163 in dividends to be paid at the beginning of the next fiscal year.
Use the drop-downs below to select the accounts that should be properly included on the balance sheet.
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