Volkswagen Group AG manufactures passenger cars and commercial vehicles and provides financing for its customers' purchases. The

Question:

Volkswagen Group AG manufactures passenger cars and commercial vehicles and provides financing for its customers' purchases. The firm also provides financing to dealers that sell its products. Brand names include Volkswagen, Audi, SEAT, Rolls-Royce, and Bentley.
For Information:
Exhibit 1.22 presents a at the end of Year 9 and Year 10, and Exhibit 1.23 presents an income statement for Year 9 and Year 10 for Volkswagen.
Required
a. Prepare a for Volkswagen on December 31, Year 9 and Year 10, using reporting formats and terminology commonly encountered in the United States.
b. Prepare an income statement for Volkswagen for Year 9 and Year 10, using terminology commonly encountered in the United States. Separate operating revenues and expenses from non-operating revenues and expenses.
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...