Question
Assume DuPont's 2016 10-K report includes information relating to the company's equity method investments ($ millions). The following footnote reports summary balance sheets for affiliated
Assume DuPont's 2016 10-K report includes information relating to the company's equity method investments ($ millions). The following footnote reports summary balance sheets for affiliated companies for which DuPont uses the equity method of accounting. The information below is shown on a 100 percent basis followed by the carrying value of DuPont's investment in these affiliates. Financial Position at December 31 (in millions)
2016
2015
Current assets
$1,292
$1,972
Noncurrent assets
1,780
2,811
Total assets
$3,072
$4,783
Short-term borrowings
$606
$734
Other current liabilities
621
932
Long-term borrowings
259
716
Other long-term liabilities
__111
___05
Total liabilities
$1,597
$2,687
DuPont's investments in affiliates (includes advances of $55 and $84, respectively)
$ 844
$1,034
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started