Question
E1-4 Preparing a Balance Sheet LO1-1 Harunori Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As
E1-4 Preparing a Balance Sheet LO1-1 Harunori Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of yen (the sign for yen is ). Its recent balance sheet contained the following items (in billions). Cash and cash equivalents 710 Common stock 289 Accounts payable and other current liabilities 4,347 Inventories 1,284 Investments 789 Long-term debt 1,943 Net property, plant, and equipment 2,268 Other assets 6,344 Other liabilities 1,589 Retained earnings 4,101 Total assets 12,269 Total liabilities and stockholders equity ? Trade accounts, notes, and other receivables 874 Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Enter your answers in billions.) ReferenceseBook & Resources Financial StatementsDifficulty: 2 Medium E1-4 Preparing a Balance Sheet LO1-1Learning Objective: 01-01 Recognize the information conveyed in each of the four basic financial statements and the way that it is used by different decision makers (investors, creditors, and managers).
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