Question 1. Each column heading represent a line item in the equity section of the balance sheet.However there are seven line items on the balance sheet and inly six columns. What items were combined on the equity statement? Why do you think Ford combined the 2 items?

Layout References Mailings VIEW Review FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (in millions) December 31, 2017 December 31, 2018 16,748 17.233 54,353 11,195 11,220 ASSETS Cash and cash equivalents (Note 9) Marketable securities (Note 9) Ford Credit finance receivables, net (Note 10) Trade and other receivables, less allowances of 5412 and 594 Inventories (Note 12) Other assets Total current assets Ford Credit finance receivables, net (Note 10) Net investment in operating leases (Note 13) Net property (Note 14) Equity in net assets of affiliated companies (Note 15) Deferred income taxes (Note 7) Other assets Total assets LIABILITIES Payables Other labilities and deferred revenue (Note 16) Automotive debt payable within one year (Note 18) Ford Credit debt payable within one year (Note 18) Total current liabilities 18,492 $ 20.435 52210 10,599 11,176 3,889 116,801 56,182 28 235 35,327 3,085 10,762 8. 104 258 496 3,930 114,649 55,544 29.119 36,178 2,709 10,412 7,929 256,540 $ $ 23 282 19,697 3,356 48.265 94,600 25,520 20,556 2314 51,179 95,569 Other liabilities and deferred revenue Note 16) Automotive long-term debt (Note 18) Ford Credit long-term debt (Note 18) Other long-term debt (Note 16) Deferred income taxes (Note 7 Total liabilities 24 711 12.575 89,492 599 815 23,588 11,233 88,887 600 597 222.792 220.474 D. Focus Case 3 Financial Information Ford Motor Company.214 - Saved - Layout References Mailings Review View Help Equity in net assets et aliated companies (Note 15) Deferred Income taxes (Note 7) Other assets 3,055 10,762 8,104 258.49 $ 2,709 10,412 7,928 256,540 Total assets $ LIABILITIES Payables Other abilities and deferred tervenue (Nole 16) Automotive debt payable within one year (Note 18) Ford Credit debt payable within one year (Note 18) Total current liabilities 23.282 19,697 3,356 48.265 21,520 20,556 2,314 51,179 95,569 94,600 Other liabilities and deferred revenue (Note 16) Automotive long-term debt (Note 18) Ford Credit long-term debt (Note 13) Other long-term debt (Note 13) Deferred income taxes (Note 7) Total liabilities 24,711 12,575 89, 492 599 815 23,588 11,233 83,887 600 597 222.792 220,474 Redeemable noncontrolling interest (Note 20) 90 100 40 40 22,006 22,668 [7.366) EQUITY Common Stock par value 8.01 per share (4,000 million shares issued of 6 billion authorized) Class B Stock par valor 5.01 per share (71 million shares issued of 530 million authorized) Capital in excess of par value of stock Retained earnings Accumulated other comprehensive income/oss) (Note 21). Treasury stock Total equity attributable to Ford Motor Company Equity attributable to noncontrolling interests Total equity Total liabilities and equity 21,843 21,906 (6,959) (1.253) 35 578 28 35,805 258,496 35.932 35.966 256.540 5 $ Dracu Layout References Mailings VIEW Review FORD MOTOR COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEET (in millions) December 31, 2017 December 31, 2018 16,748 17.233 54,353 11,195 11,220 ASSETS Cash and cash equivalents (Note 9) Marketable securities (Note 9) Ford Credit finance receivables, net (Note 10) Trade and other receivables, less allowances of 5412 and 594 Inventories (Note 12) Other assets Total current assets Ford Credit finance receivables, net (Note 10) Net investment in operating leases (Note 13) Net property (Note 14) Equity in net assets of affiliated companies (Note 15) Deferred income taxes (Note 7) Other assets Total assets LIABILITIES Payables Other labilities and deferred revenue (Note 16) Automotive debt payable within one year (Note 18) Ford Credit debt payable within one year (Note 18) Total current liabilities 18,492 $ 20.435 52210 10,599 11,176 3,889 116,801 56,182 28 235 35,327 3,085 10,762 8. 104 258 496 3,930 114,649 55,544 29.119 36,178 2,709 10,412 7,929 256,540 $ $ 23 282 19,697 3,356 48.265 94,600 25,520 20,556 2314 51,179 95,569 Other liabilities and deferred revenue Note 16) Automotive long-term debt (Note 18) Ford Credit long-term debt (Note 18) Other long-term debt (Note 16) Deferred income taxes (Note 7 Total liabilities 24 711 12.575 89,492 599 815 23,588 11,233 88,887 600 597 222.792 220.474 D. Focus Case 3 Financial Information Ford Motor Company.214 - Saved - Layout References Mailings Review View Help Equity in net assets et aliated companies (Note 15) Deferred Income taxes (Note 7) Other assets 3,055 10,762 8,104 258.49 $ 2,709 10,412 7,928 256,540 Total assets $ LIABILITIES Payables Other abilities and deferred tervenue (Nole 16) Automotive debt payable within one year (Note 18) Ford Credit debt payable within one year (Note 18) Total current liabilities 23.282 19,697 3,356 48.265 21,520 20,556 2,314 51,179 95,569 94,600 Other liabilities and deferred revenue (Note 16) Automotive long-term debt (Note 18) Ford Credit long-term debt (Note 13) Other long-term debt (Note 13) Deferred income taxes (Note 7) Total liabilities 24,711 12,575 89, 492 599 815 23,588 11,233 83,887 600 597 222.792 220,474 Redeemable noncontrolling interest (Note 20) 90 100 40 40 22,006 22,668 [7.366) EQUITY Common Stock par value 8.01 per share (4,000 million shares issued of 6 billion authorized) Class B Stock par valor 5.01 per share (71 million shares issued of 530 million authorized) Capital in excess of par value of stock Retained earnings Accumulated other comprehensive income/oss) (Note 21). Treasury stock Total equity attributable to Ford Motor Company Equity attributable to noncontrolling interests Total equity Total liabilities and equity 21,843 21,906 (6,959) (1.253) 35 578 28 35,805 258,496 35.932 35.966 256.540 5 $ Dracu