Following are selected accounts for Terex Corp for the fiscal year ended December 31, 2018. a....
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Following are selected accounts for Terex Corp for the fiscal year ended December 31, 2018. a. Indicate whether each account appears on the balance sheet (B) or income statement (I). b. Using the following data, compute total assets and total expenses. $ millions Total revenues Accrued compensation and benefits Depreciation and amortization expense Retained earnings Net income Property, plant, and equipment, net Selling, general, and administrative expense Inventory Total liabilities Total stockholders' equity Total assets: $ Total expenses: S million Amount Classification $11,275.00 million 334.84 B 131.34 B 1,647.80 B 250.14 I 760.32 B 1,481.70 1 2,666.40 B 5,774.78 B 1,894.20 B + • + O 47 O • Following are selected accounts for Terex Corp for the fiscal year ended December 31, 2018. a. Indicate whether each account appears on the balance sheet (B) or income statement (I). b. Using the following data, compute total assets and total expenses. $ millions Total revenues Accrued compensation and benefits Depreciation and amortization expense Retained earnings Net income Property, plant, and equipment, net Selling, general, and administrative expense Inventory Total liabilities Total stockholders' equity Total assets: $ Total expenses: S million Amount Classification $11,275.00 million 334.84 B 131.34 B 1,647.80 B 250.14 I 760.32 B 1,481.70 1 2,666.40 B 5,774.78 B 1,894.20 B + • + O 47 O •
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a Indicating whether each account appears on the balance sheet B or income statement I Total ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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