Question: If a financial statement says In millions, except share and par value amounts which are reflected in thousands and par value per share amounts, is

If a financial statement says "In millions, except share and par value amounts which are reflected in thousands and par value per share amounts," is the amount $88103 as is, or does it mean $88,103,000,000? (I'm looking at Google's current financial statements if that helps explain the huge difference.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

In this exercise, we look at how software techniques can extract instruction-level parallelism (ILP) in a common vector loop. The following loop is the so-called DAXPY loop (double-precision aX plus...

Guugle ml. Arrabel C.) CONSOLIDATED BALANCE SHEETS (In millions, except share and par value amounts which are reflected in thousands, and par value per share amounts) As of December 31, 2016 As of...

Comparative figures for Apple and Google follow. Required 1. Compute total asset turnover for the most recent two years for Apple and Google using the data shown. 2. In the current year, which...

Refer to Googles statement of comprehensive income in Appendix A. What was the amount of its 2017 change in net unrealized gains (losses) for its AFS investments? Data from Google's Google Inc....

Refer to Googles financial statements in Appendix A to compute its equity ratio as of December 31, 2017, and December 31, 2016. Data from Google's Google Inc. (Alphabet Inc.) CONSOLIDATED BALANCE...

Refer to Googles statement of cash flows in Appendix A. What are its cash flows from financing activities for the year ended December 31, 2017? List the items and amounts. Data from Google's Google...

Refer to the balance sheet of Google in Appendix A. Does it use the direct write-off method or allowance method in accounting for its accounts receivable? What is the realizable value of its...

Refer to Googles recent balance sheet in Appendix A. What is the book value of its total net property, plant, and equipment assets at December 31, 2017? Data from Google's Google Inc. (Alphabet Inc.)...

Refer to the statements for Google in Appendix A. For the year ended December 31, 2017,what was its debt-to-equity ratio? What does this ratio tell us? Data from Google's Google Inc. (Alphabet Inc.)...

Refer to Googles balance sheet in Appendix A. What accrued expenses (liabilities) does Google report at December 31, 2017? Data from Google's Google Inc. (Alphabet Inc.) CONSOLIDATED BALANCE SHEETS...

Locate Googles balance sheet in Appendix A. What is the total of Googles 2017 accounts payable? What is the total of its schedule of accounts payable? Refer to Google Google Inc. (Alphabet Inc.)...

Q1. Summarize/Define Camuss concept of philosophical suicide Q2. How does the mythological story involving Sisyphus symbolize the circumstances of modern humankind? Q3. Given your thoughts to the...

What would be the effect of each of the following on the supply of salsa in the United States? In each case, identify the responsible determinant of supply. a. Tomato prices skyrocket b. Congress...

3 Round each number to 3 significant figures. 3 a 4729 b 66549 C 2355244 Paolo uses this method to round 0.002432 to 1 significant figure. Draw a line after the first s.f. and circle the next digit....

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Technology. The owner of your company recently purchased two pairs of season tickets for the local symphony orchestra concerts. He will retain one pair of tickets but make the other available to...

On July 1, you relocated your business from one Detroit suburb to another. A month prior to your move, you phoned your security system provider and notified its representative to cancel your service...

Technology. Brenda Durwood, one of your employees and president of the Woodland Ski and Snowboard Club,has requested permission to hold the clubs annual Gear Swap fund-raiser in the company parking...