Use the following information from The Boeing Company's financial statements for the fiscal year ended December...
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Use the following information from The Boeing Company's financial statements for the fiscal year ended December 31, 2021 to answer the next four questions. Assume Wages payable will be paid within a year and Unearned revenue will be earned within a year. Accounts are listed in alphabetical order. All amounts are in millions of dollars. Accounts payable Accounts receivable Accumulated depreciation Cash Common stock Cost of sales Depreciation expense Dividends General and administrative expense Goodwill and other long-term assets Income tax expense Interest expense Interest income c. $100,474 million d. $29,843 million BOEING 9,261 11,378 20,538 8,052 5,061 59,237 1,488 0 1,973 17,993 743 1,714 828 Inventories Investments (over 1 year) Long-term debt 3. Calculate Boeing's Total Current Assets as of December 31, 2021. a. $108,666 million b. $106,445 million a. b. Net Loss of $2,041 million Other current assets Other long-term liabilities Property, plant and equipment Research and development expense Retained earnings Sales revenue C. Net Income of $3,902 million d. Net Loss of $4,290 million Short-term debt Short-term investments Unearned revenue Wages payable 4. Calculate Boeing's Total Current Liabilities as of December 31, 2021. a. $102,530 million b. $81,992 million C. $80,696 million d. $29,012 million 5. Calculate Boeing's Total Assets as of December 31, 2021. a. $120,559 million b. $138,552 million C. $159,090 million d. $179,628 million 6. Calculate Boeing's Net Income or Net Loss for the year ended December 31, 2021. Net Income of $54,947 million 78,823 975 36,806 2,221 14,600 31,456 2,249 93 62,286 1,296 8,192 52,980 18,455 2 Use the following information from The Boeing Company's financial statements for the fiscal year ended December 31, 2021 to answer the next four questions. Assume Wages payable will be paid within a year and Unearned revenue will be earned within a year. Accounts are listed in alphabetical order. All amounts are in millions of dollars. Accounts payable Accounts receivable Accumulated depreciation Cash Common stock Cost of sales Depreciation expense Dividends General and administrative expense Goodwill and other long-term assets Income tax expense Interest expense Interest income c. $100,474 million d. $29,843 million BOEING 9,261 11,378 20,538 8,052 5,061 59,237 1,488 0 1,973 17,993 743 1,714 828 Inventories Investments (over 1 year) Long-term debt 3. Calculate Boeing's Total Current Assets as of December 31, 2021. a. $108,666 million b. $106,445 million a. b. Net Loss of $2,041 million Other current assets Other long-term liabilities Property, plant and equipment Research and development expense Retained earnings Sales revenue C. Net Income of $3,902 million d. Net Loss of $4,290 million Short-term debt Short-term investments Unearned revenue Wages payable 4. Calculate Boeing's Total Current Liabilities as of December 31, 2021. a. $102,530 million b. $81,992 million C. $80,696 million d. $29,012 million 5. Calculate Boeing's Total Assets as of December 31, 2021. a. $120,559 million b. $138,552 million C. $159,090 million d. $179,628 million 6. Calculate Boeing's Net Income or Net Loss for the year ended December 31, 2021. Net Income of $54,947 million 78,823 975 36,806 2,221 14,600 31,456 2,249 93 62,286 1,296 8,192 52,980 18,455 2
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Auditing and Assurance services an integrated approach
ISBN: 978-0134065823
16th edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
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