United Technologies Corporation provides a broad range of high-technology products and support services to the building systems

Question:

United Technologies Corporation provides a broad range of high-technology products and support services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, Carrier heating and air conditioning equipment, Otis elevators, and Sikorsky helicopters. United Technologies’ September 30, 2011, balance sheet included the following items ($ in millions):

Fixed assets ............... $ 6,137

Accounts payable ............ 5,597

Common stock ............. 13,330

Cash ................. ?

Total stockholders’ equity ........ ?

Long-term debt ............. 9,501

Total assets .............. 61,948

Inventories .............. 8,617

Other assets ............... 41,228

Other stockholders’ equity ........ ?

Other liabilities .............. 22,935

Prepare a condensed balance sheet, including amounts for

1. Cash.

2. Total Stockholders’ Equity.

3. Other Stockholders’ Equity.

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... 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...