BMW reports the following balance sheet accounts for the year ended December 31, 2011 (euro in millions).

Question:

BMW reports the following balance sheet accounts for the year ended December 31, 2011 (euro in millions). Prepare the balance sheet for this company as of December 31, 2011, following the usual IFRS formats.

Current liabilities . . . . . . . . €11,519......... Noncurrent liabilities . . . . . . . . €7,767

Current assets . . . . . . . . . .. . 17,682............. Noncurrent assets . . . . . . . . . . 9,826

Total equity . . . . . . . . . . . .... 8,222

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...