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Please help me solve this problem. [The following information applies to the questions displayed below.] Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets
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[The following information applies to the questions displayed below.] Orange Incorporated, headquartered in Cupertino, California, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services. The following is Orange's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). Assume thot the following transactions (in millions) octutrred during the next fiscal year (ending on September 26, 2020): a. Botrowed $18,304 from banks due in two years. b. Purchesed additional investments for $24,500 cash; one-fifth were long term and the rest were short term. e Purchosed ptoperty, plant, and equipment, poid $9,610 in cash and signed a shorterm note for $1,448. d. Itsued additional thares of common stock for $1,507 in cash, total par value was $1 and the rest was in excess of par value. e. Sold short.term investments costing $19,045 for $19,045 cash. 1. Declared $11.163 in dividends to be poid at the beginning of the next fiscal yeat. Required: 3. Prepare a trial balance at September 26,2020. Note: Enter your answers in millions Step by Step Solution
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