Question: Intel, the worlds largest microprocessor chip company, lists the following balance sheet items for January 1, 2012 (in millions): Property, plant, and equipment, at cost
Intel, the world’s largest microprocessor chip company, lists the following balance sheet items for January 1, 2012 (in millions):
Property, plant, and equipment, at cost ………… $58,073
Short-term investments …………………………… 5,181
Common stock and capital in excess of par value … 17,036
Cash and cash equivalents ………………………… 5,065
Other accrued liabilities ………………………….. 2,814
Accounts receivable ………………………………. 3,650
Other current assets ………………………………. 7,880
Accumulated depreciation …………………….. (34,446)
Accounts payable ………………………………………. ?
Identified intangible assets ……………………….. 6,267
Inventories ……………………………………….. 4,096
Deferred income …………………………………. 1,929
Accrued advertising liability …………………….. 1,134
Other assets ………………………………………. 4,648
Other long-term liabilities ………………………… 3,479
Accumulated other comprehensive income (loss) … (781)
Goodwill ………………………………………….. 9,254
Accrued compensation and benefits ………………. 2,948
Long-term investments …………………………….. 1,451
Long-term deferred liabilities ……………………… 2,617
Short-term debt ………………………………………. 247
Long-term debt ……………………………………. 7,084
Retained earnings ………………………………… 29,656
Prepare a balance sheet in proper form for Intel. Include the proper amount for accounts payable.
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