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Hi, I am doing my homework, so I need your help, please. 1/ Review the activity in the current liability accounts What does it mean?
Hi,
I am doing my homework, so I need your help, please.
1/ Review the activity in the current liability accounts
What does it mean? Can you show me how to it? Thanks a lot.
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 6,006 | $ 8,555 |
Short-term investments | 9,352 | 9,595 |
TOTAL CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS | 15,358 | 18,150 |
Marketable securities | 5,317 | 4,051 |
Trade accounts receivable, less allowances of $477 and $466, respectively | 3,667 | 3,856 |
Inventories | 2,655 | 2,675 |
Prepaid expenses and other assets | 2,000 | 2,481 |
Assets held for sale | 219 | 2,797 |
Assets held for sale - discontinuing operations | 7,329 | 0 |
TOTAL CURRENT ASSETS | 36,545 | 34,010 |
EQUITY METHOD INVESTMENTS | 20,856 | 16,260 |
OTHER INVESTMENTS | 1,096 | 989 |
OTHER ASSETS | 4,560 | 4,248 |
PROPERTY, PLANT AND EQUIPMENT - net | 8,203 | 10,635 |
TRADEMARKS WITH INDEFINITE LIVES | 6,729 | 6,097 |
BOTTLERS' FRANCHISE RIGHTS WITH INDEFINITE LIVES | 138 | 3,676 |
GOODWILL | 9,401 | 10,629 |
OTHER INTANGIBLE ASSETS | 368 | 726 |
TOTAL ASSETS | 87,896 | 87,270 |
CURRENT LIABILITIES | ||
Accounts payable and accrued expenses | 8,748 | 9,490 |
Loans and notes payable | 13,205 | 12,498 |
Current maturities of long-term debt | 3,298 | 3,527 |
Accrued income taxes | 410 | 307 |
Liabilities held for sale | 37 | 710 |
Liabilities Held for Sale, Discontinued Operations | 1,496 | 0 |
TOTAL CURRENT LIABILITIES | 27,194 | 26,532 |
LONG-TERM DEBT | 31,182 | 29,684 |
OTHER LIABILITIES | 8,021 | 4,081 |
DEFERRED INCOME TAXES | 2,522 | 3,753 |
THE COCA-COLA COMPANY SHAREOWNERS' EQUITY | ||
Common stock, $0.25 par value; Authorized 11,200 shares; Issued 7,040 and 7,040 shares, respectively | 1,760 | 1,760 |
Capital surplus | 15,864 | 14,993 |
Reinvested earnings | 60,430 | 65,502 |
Accumulated other comprehensive income (loss) | (10,305) | (11,205) |
Treasury stock, at cost 2,781 and 2,752 shares, respectively | (50,677) | (47,988) |
EQUITY ATTRIBUTABLE TO SHAREOWNERS OF THE COCA-COLA COMPANY | 17,072 | 23,062 |
EQUITY ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 1,905 | 158 |
TOTAL EQUITY | 18,977 | 23,220 |
TOTAL LIABILITIES AND EQUITY | $ 87,896 | $ 87,270 |
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