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.



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  • CreatedNovember 19, 2014
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