Adidas AG reports the following balance sheet accounts for the year ended December 31, 2009 (euros in
Question:
Adidas AG reports the following balance sheet accounts for the year ended December 31, 2009 (euros in millions). Prepare the balance sheet for this company as of December 31, 2009, following usual IFRS practices.
Tangible and other assets . . . . . . . . . . . . . €1,410
Intangible assets . . . . . . . . . . . . . . . . . . . . €2,980
Total equity . . . . . . . . . . . . . . . . . . . . . . . . 3,776
Total current liabilities . . . . . . . . . . . . . . . . 2,836
Receivables and financial assets . . . . . . . . . 1,753
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . 1,471
Total noncurrent liabilities . . . . . . . . . . . . . . 2,263
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . 5,099
Cash and cash equivalents . . . . . . . . . . . . . . . . 775
Other current assets . . . . . . . . . . . . . . . . . . . . . 486
Total current assets . . . . . . . . . . . . . . . . . . . . 4,485
Total noncurrent assets . . . . . . . . . . . . . . . . . 4,390
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... 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...
Step by Step Answer:
Noncurrent assets Intangible assets Tangible and other assets Total noncurrent assets Current asse...View the full answer
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
