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4.12 Balance sheet formats. The following information is based on the balance sheet of Aracel, a Brazilian manufacturer of paper pulp, for Year 6. Aracel
4.12 Balance sheet formats. The following information is based on the balance sheet of Aracel, a Brazilian manufacturer of paper pulp, for Year 6. Aracel applies U.S. GAAP and reports its results in thousands of U.S. dollars. (Adapted from the financial statements of Aracruz Celulose.) Inventories . . . .. . . . $ 202,704 Other Current Assets . . . . 132,782 Other Long-Term Liabilities. . .. . 350,761 Property, Plant, and Equipment, net . . . 2,151,212 Retained Earnings . . . . ... 1,293,301 Cash and Short-Term Investments. . . 579,643 Goodwill . . .. . . .. 192,035 Common Stock (no par). . . . . . 295,501 Preferred Stock . . . . . 614,496 Other Noncurrent Assets . . .. . 451,757 Current Liabilities . . . . . . 286,819 Long-Term Debt . .. . .. 1,155,050 Accounts Receivable . . . . 285,795 a. Prepare a balance sheet for Aracel for Year 6 assuming the firm follows U.S. GAAP
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