Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Record the entry the company will make in 2015 when it pays its 2014 accounts payable due at year-end. (If no entry is required for

image text in transcribed

Record the entry the company will make in 2015 when it pays its 2014 accounts payable due at year-end.

(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Date General Journal Debit Credit

TWITTER, INC CONSOLIDATED BALANCE SHEETS (In thousands, unless otherwise specified) Dec. 31, 2014 Dec. 31, 2013 ASSETS Current assets 1,510,724 2,111,154 418,454 215,521 4,255,853 557,019 727,581 42,629 $841,010 1,393,044 247,328 93,297 2,574,679 332,662 441,104 17,795 Cash and cash equivalents Short-term investments Accounts receivable Prepaid expenses and other current assets Total current assets Property and equipment, net Intangible assets Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities 53,241 228,233 112,320 393,794 1,376,020 118,950 67,915 1,956,679 Accounts payable Accrued and other current liabilities Capital leases, short-term 27,994 110,310 87,126 225,430 Total current liabilities Notes payable Capital leases, long-term Other long-term liabilities 110,520 80,284 416,234 Total liabilities Stockholders' equity Common stock ($0.000005 par value) Additional paid-in capital Accumulated deficit 5,208,870 3,944,952 (1,582,470)(994.949 2,950,006 Total stockholders' equity Total liabilities and stockholders' equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Audits For Improved Performance

Authors: Dennis R. Arter

2nd Edition

0873892631, 978-0873892636

More Books

Students also viewed these Accounting questions

Question

=+1. Identify the different types of brands.

Answered: 1 week ago

Question

How do you add two harmonic motions having different frequencies?

Answered: 1 week ago

Question

What are our strategic aims?pg 87

Answered: 1 week ago