The balance sheet of Alcatel-Lucent, a French communications firm, for the year ended December 31, 2007, showed

Question:

The balance sheet of Alcatel-Lucent, a French communications firm, for the year ended December 31, 2007, showed current assets of €20,000 million, current liabilities of €15,849 million, shareholders’ equity of €17,154 million, and non-current assets of €29,402 million. Alcatel-Lucent reports all amounts in millions of euros (€). Compute the amount of noncurrent liabilities on Alacatel-Lucent’s balance sheet at the end of 2007.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...