Preparing a Balance Sheet Honda Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcycles,
Question:
Preparing a Balance Sheet
Honda Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of yen (the sign for yen is ¥). Its recent balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31, 2009, solving for the missing amount.
Cash and cash equivalents ¥ 690
Contributed capital 259
Accounts payable and other current liabilities 4,237
Inventories 1,244
Investments 639
Long-term debt 1,933
Net property, plant, and equipment 2,148
Other assets 6,244
Other liabilities 1,519
Retained earnings 3,871
Total assets 11,819
Total liabilities and stockholders’ equity ?
Trade accounts, notes, and other receivables 854
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Honda Motor Corporation Balance Sheet as of March 31 20...View the full answer
