Adidas AG reports the following balance sheet accounts for the year ended December 31, 2011 (euros in
Question:
Adidas AG reports the following balance sheet accounts for the year ended December 31, 2011 (euros in millions). Prepare the balance sheet for this company as of December 31, 2011, following usual IFRS practices.
Tangible and other assets . . . . . . . . . . . . . € 255
Total equity . . . . . . . . . . . . . . . . . . . . . . . . 2,322
Receivables and other assets . . . . . . . . . . 1,767
Total noncurrent liabilities . . . . . . . . . . . . 3,379
Cash and cash equivalents . . . . . . . . . . . . 383
Total current assets . . . . . . . . . . . . . . . . . . 2,208
Other noncurrent assets. . . . . . . . . . . . . . 3,429
Intangible assets . . . . . . . . . . . . . . . . .€ 154
Total current liabilities . . . . . . . . . . . . . 345
Inventories . . . . . . . . . . . . . . . . . . . . . . 30
Total liabilities . . . . . . . . . . . . . . . . . . . 3,724
Other current assets . . . . . . . . . . . . . . . 28
Total noncurrent assets . . . . . . . . . . .. 3,838
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... 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...
Step by Step Answer:
Adidas AG Balance Sheet December 31 2011 Euros in millions Assets Noncurrent assets ...View the full answer
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
