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answer C question is C. common stock is listed as zero. Is it truly zero ? If not, what is the true amount and why
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Particulars ('Billions) Assets $32.80 2 Liabilities $25.30 3 Equity $6.04 4 Current Assets $10.94 5 Current Liabilities $10.14 6 Current Ratio $1.08 =10.94/10.14 7 Paid in capital $12.35 8 | Accumulated OCI -$0.12 9 Retained Earnings - $6.19 (Figures are obtained from Tesla's website -SEC Filing section-Form 100 for 3rd quarter of 2019.) Accounting Equation: Assets=Liabilities+Equity Here, Assets= $32.8 Billion Liabilities+Equity= $25.3 + $6.04 = $31.34 Billion Thus, the accounting equation is not valid here because of Non-Controlling Interests in subsidiaries of $0.842 Billion. 26 points for outstanding work (elut we question, 2.0 points for good be work The defupade on this is low (Col do not let the discourage you. This coure expects critical thinking and research into company reports, not just memoratio of Find Tesla's 10-Q for the quarter ending 900/19. Mos ch und highlight for under circle your res. Do not wach the whole 10-0. ly the relevage P u th original 10-Q as a PDF by Testher than a d esch as Yoo Mami My purpose is to familiare you with the financ e ment A. (1.6 ) Enter the following in Millions I 2 Assets (example) Liables 3 Equi Current Assets Current Liabilities Current trasformat) 7. Paid in a & Accm Other Competensive Income 9. Retained earnings by another 0.1: M u he (Dende foi ding) o Cum Lates Current rate ( or as suas forma & 7. Paid in capital Acceder Comprehensive Income Retained in goes by the d Come on the accounting ( Default de force ne) on how it is aller mot valid ti .tears the point your w ple h www e C. C Stock is de la r a the wy C. common stock is listed as zero. Is it truly zero ? If not, what is the true amount and why is it listed as zero.
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