The following information, based on the 12/31/2024 Annual Report to Shareholders of Krafty Foods ($ in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following information, based on the 12/31/2024 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables $ 2,397 3,631 4,605 212 18,031 2,152 Current portion of long-term debt 590 Other long-term liabilities 10,811 Retained earnings as of 12/31/2024 2,891 Goodwill and other intangible assets (net) 37,457 Salaries expense 2,065 Interest and other debt expense, net 1,937 Inventories 3,526 Long-term debt 8,634 Long-term notes payable 5,500 Marketing, general and administration expenses 11,960 Operating revenues 36,375 Other current assets 737 Other noncurrent assets 4,226 Other shareholders' equity (3,068) Common stock 24,155 Property, plant and equipment (net) 9,609 Short-term borrowings 731 Required: Based on the information presented above, prepare the 12/31/2024 Balance Sheet for Krafty Foods. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by minus sign. Required: Based on the information presented above, prepare the 12/31/2024 Balance Sheet for Krafty Foods. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign. KRAFTY FOODS Balance Sheet At December 31, 2024 ($ in millions) Assets Cash and cash equivalents Accounts receivable (net) Inventories Other current assets Other current assets Total current assets Goodwill and other intangible assets (net) Property, plant and equipment (net) Other noncurrent assets Total assets 0 $ 0 Total assets Total liabilities Liabilities and Shareholders' Equity 0 0 Total shareholders' equity 0 Total liabilities and shareholders' equity $ 0 The following information, based on the 12/31/2024 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables $ 2,397 3,631 4,605 212 18,031 2,152 Current portion of long-term debt 590 Other long-term liabilities 10,811 Retained earnings as of 12/31/2024 2,891 Goodwill and other intangible assets (net) 37,457 Salaries expense 2,065 Interest and other debt expense, net 1,937 Inventories 3,526 Long-term debt 8,634 Long-term notes payable 5,500 Marketing, general and administration expenses 11,960 Operating revenues 36,375 Other current assets 737 Other noncurrent assets 4,226 Other shareholders' equity (3,068) Common stock 24,155 Property, plant and equipment (net) 9,609 Short-term borrowings 731 Required: Based on the information presented above, prepare the 12/31/2024 Balance Sheet for Krafty Foods. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by minus sign. Required: Based on the information presented above, prepare the 12/31/2024 Balance Sheet for Krafty Foods. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign. KRAFTY FOODS Balance Sheet At December 31, 2024 ($ in millions) Assets Cash and cash equivalents Accounts receivable (net) Inventories Other current assets Other current assets Total current assets Goodwill and other intangible assets (net) Property, plant and equipment (net) Other noncurrent assets Total assets 0 $ 0 Total assets Total liabilities Liabilities and Shareholders' Equity 0 0 Total shareholders' equity 0 Total liabilities and shareholders' equity $ 0
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The following information, based on the 12/31/09 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable 1897 Accounts receivable (net) 3131 Accrues liabilities and taxes 4105...
-
. The following is given: EBIT = $50 000, Q=60 000, P =$6, V = $4. a) If sales should increase by 10%, by what percent would EBIT increase? b) If sales should increase by 10%, for what interest...
-
Show that if U and V are subspaces of Rn and U V = {0}, then dim (U + V) = dim U + dim V
-
Expand and simplify the given expression. (x 5) 4
-
Petitioner Christy Brzonkala met respondents Antonio Morrison and James Crawford at a campus party at Virginia Polytechnic Institute (Virginia Tech), where they were all students. At the party, the...
-
Finding Financial Information Refer to the financial statements of Urban Outfitters given in Appendix C at the end of this book. Required: For each question, answer it and indicate where you located...
-
How can we add Database connection script to search product item form input into MySQL Database Tables?
-
Working in the finance department of a firm that operates a chain of dry cleaning and tailoring shops, Demonte discovered that tax management is: options: A) an area of major concern. B) not an area...
-
Choose a small organization in your city, such as a restaurant or school, and draw a chart showing its structure. Do you think the number of levels in its hierarchy and the span of control at each...
-
Izmir Industrial Electric (IZIEC) is a (fictional) Turkish medium-sized manufacturer of electronic data processing and office equipment including fibre optic data centre products, rack cabinets and...
-
In Figure 1.8, food retail is positioned as a local business, with a very low globalization score. However, in the press, companies like Tesco, Walmart or Carrefour are described as global retailers....
-
What is the difference among an individual franchise agreement, an area franchise agreement, and a master franchise agreement? If you wanted to open a large number of Fresh Healthy Vending franchises...
-
Identify a franchise location near where you live and ask to talk to the owner. Show the owner one of the two You Be the VC features at the end of this chapter and ask the person whether he or she...
-
Assume that John Smith is a salesperson employed by McCrackin Company. Smiths regular rate of pay is $36 per hour, and any hours worked in excess of 40 hours per week are paid at 1 times the regular...
-
The figure shows a bolted lap joint that uses SAE grade 8 bolts. The members are made of cold-drawn AISI 1040 steel. Find the safe tensile shear load F that can be applied to this connection if the...
-
Show that the vector potentials given in Eq. (27.1) imply the magnetic fields given in Eq. (27.2) by evaluating \(\boldsymbol{B}=\boldsymbol{abla} \times \boldsymbol{A}\) in the cylindrical...
-
Prove the result of Eq. (26.10) that a path-dependent representation of a gauge group is sensitive to a gauge transformation only at the endpoints of the path.
-
Use Stokes' theorem [Eq. (27.5)] to prove that Eq. (27.4) leads to Eq. (27.6). Data from Eq. 27.4 Data from Eq. 27.5 Data from Eq. 27.6 = z ) ); A dr. - SA dr) = f A dr.
Study smarter with the SolutionInn App