Intel, the worlds largest microprocessor chip company, lists the following balance sheet items for January 1, 2012

Question:

Intel, the world’s largest microprocessor chip company, lists the following balance sheet items for January 1, 2012 (in millions):

Property, plant, and equipment, at cost ………… $58,073

Short-term investments …………………………… 5,181

Common stock and capital in excess of par value … 17,036

Cash and cash equivalents ………………………… 5,065

Other accrued liabilities ………………………….. 2,814

Accounts receivable ………………………………. 3,650

Other current assets ………………………………. 7,880

Accumulated depreciation …………………….. (34,446)

Accounts payable ………………………………………. ?

Identified intangible assets ……………………….. 6,267

Inventories ……………………………………….. 4,096

Deferred income …………………………………. 1,929

Accrued advertising liability …………………….. 1,134

Other assets ………………………………………. 4,648

Other long-term liabilities ………………………… 3,479

Accumulated other comprehensive income (loss) … (781)

Goodwill ………………………………………….. 9,254

Accrued compensation and benefits ………………. 2,948

Long-term investments …………………………….. 1,451

Long-term deferred liabilities ……………………… 2,617

Short-term debt ………………………………………. 247

Long-term debt ……………………………………. 7,084

Retained earnings ………………………………… 29,656

Prepare a balance sheet in proper form for Intel. Include the proper amount for accounts payable.

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...