File Attached:: Case 3-60 Diageo is a United Kingdom (UK) consumer products firm, best known in the United States for the following brand names: Smirnoff, Johnnie Walker, J&B, Gordon?s, Seagram?s, and Guinness. Diageo?s 2011 consolidated balance sheet follows. Recreate Diageo?s June 30, 2011, balance sheet using U.S. terminology and a standard U.S. format. (Note: The other reserves item has no counterpart in the United States. For purposes of this exercise, add the other reserves to ?called up share capital.?) Problem 4-48 Selected account balances of Connell Company for 2015 along with additional information as of December 31 are as follows: Inventory was valued at year-end as follows: (B)Number of Connell shares of stock outstanding: 60,000 . Instructions: Prepare a multiple-step income statement and statement of retained earnings for the year ended December 31, 2015.?

Case 360 Diageo is a United Kingdom (UK) consumer products firm, best known in the United States for the following brand names: Smirnoff, Johnnie Walker, J&B, Gordon's, Seagram's, and Guinness. Diageo's 2011 consolidated balance sheet follows. Recreate Diageo's June 30, 2011, balance sheet using U.S. terminology and a standard U.S. format. (Note: The other reserves item has no counterpart in the United States. For purposes of this exercise, add the other reserves to \"called up share capital.\") Problem 448 Selected account balances of Connell Company for 2015 along with additional information as of December 31 are as follows: Inventory was valued at year-end as follows: (B)Number of Connell shares of stock outstanding: 60,000 . Instructions: Prepare a multiple-step income statement and statement of retained earnings for the year ended December 31, 2015