a. 1. The statement is entitled Consolidated Balance Sheet.'' What does it mean to have a consolidated balance sheet? b. 1. What current liability decreased

a. 1. The statement is entitled ‘‘Consolidated Balance Sheet.'' What does it mean to have a consolidated balance sheet?

b. 1. What current liability decreased the most?

2. What current liability increased the most?

c. 1. How many common shares had been issued as of December 31, 2008?

2. How many shares were held in the treasury at December 31, 2008?

3. How many shares were outstanding at December 31, 2008?

4. What is the treasury stock method?

d. 1. Abbott Laboratories discloses the account ‘‘Earnings employed in the business.'' What is this account usually called?

CONSOLIDATED BALANCE SHEET (IN PART) (Dollars in thousands) December 31 2008 2007 2006 Liabilities and Shareholders' Investment Current Liabilities: Short-term borrowings Trade accounts payable Salaries, wages, and Other accrued liabilities Dividends payable Income taxes payable Obligation in connection with conclusion of TAP S 1,691,069 1,351,436 1,011,312 4,216,742 559,064 805,397 S 1,827,361 1,219,529 859,784 3,713,104 504,540 80,406 S 5,305,985 1,175,590 807,283 3,850,723 453,994 262,344 commissions Pharmaceutical Products, Inc. joint venture Current portion of long-term debt Total Current Liabilities Long-term Debt Postemployment Obligations and Other Long-term 915,982 1,040,906 1,591,908 8,713,327 898,554 9,103,278 9487,789 95,276 1,951195 7,009,664 3,163,127 Liabilities Commitments and Contingencies Shareholders' Investment Preferred shares, one dollar par value 4,634,418 3.344,317