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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 ). A simplified version of its recent balance sheet contained the following items (in billions). Cash and cash equivalents Common stock Accounts payable and other current liabilities \ 690 289 4,257 Inventories 1,304 Investments 689 Long-term debt 1,973 Net property, plant, and equipment 2,338 Other assets 6,274 Other liabilities 1,549 es Retained earnings 4,181 Total assets 12,249 Total liabilities and stockholders' equity ? 954 receivables Trade accounts, notes, and other Prepare a balance sheet as of March 31, current year, solving for the missing amount. Note: Enter your answers in billions rather than in yen (for example, 5,000 billion should be entered as 5,000 rather than 5,000,000,000). HONDA MOTOR CORPORATION Balance Sheet (in billions of Yen) Assets Cash and cash equivalents Investments Trade accounts, notes, and other receivables Inventories Net property, plant, and equipment Other assets Total assets 0 Liabilities Total liabilities 0 Stockholders' Equity Total stockholders' equity 0 Total liabilities and stockholders' equity \ 0 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 ). A simplified version of its recent balance sheet contained the following items (in billions). Cash and cash equivalents Common stock Accounts payable and other current liabilities \ 690 289 4,257 Inventories 1,304 Investments 689 Long-term debt 1,973 Net property, plant, and equipment 2,338 Other assets 6,274 Other liabilities 1,549 es Retained earnings 4,181 Total assets 12,249 Total liabilities and stockholders' equity ? 954 receivables Trade accounts, notes, and other Prepare a balance sheet as of March 31, current year, solving for the missing amount. Note: Enter your answers in billions rather than in yen (for example, 5,000 billion should be entered as 5,000 rather than 5,000,000,000). HONDA MOTOR CORPORATION Balance Sheet (in billions of Yen) Assets Cash and cash equivalents Investments Trade accounts, notes, and other receivables Inventories Net property, plant, and equipment Other assets Total assets 0 Liabilities Total liabilities 0 Stockholders' Equity Total stockholders' equity 0 Total liabilities and stockholders' equity \ 0
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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