Suppose the following items are taken from the 2014 balance sheet of Starbucks Corporation. (All dollars are
Question:
Suppose the following items are taken from the 2014 balance sheet of Starbucks Corporation. (All dollars are in millions.)
Goodwill ..............$ 477
Common stock............ 40
Equipment.............3,036
Accounts payable........... 391
Stock investments (long-term)...... 280
Accounts receivable.......... 288
Prepaid rent............. 278
Debt investments (current)....... 157
Retained earnings...........2,244
Cash................ 281
Notes payable (noncurrent)........ 550
Notes payable (current).........1,468
Unearned sales revenue (current).... 297
Bonds payable............ 354
Inventory.............. 692
Accumulated depreciation—equipment.. 145
Instructions
Prepare a classified balance sheet for Starbucks Corporation as of September 30, 2014.
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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Step by Step Answer:
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso