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Required information The following information applies to the questions displayed below. Starbucks is a coffee company-a big coffee company. During a 10-year period, the number
Required information The following information applies to the questions displayed below. Starbucks is a coffee company-a big coffee company. During a 10-year period, the number of Starbucks locations in China grew from 24 to over 1000. The following is adapted from Starbucks's annual report for the year ended October 2, 2016, and dollars are reported in millions. Accounts Payable $4,760 Accounts 585 Receivable 2,810 Cash Common Stock 400 Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings 4,390 Short-Term 3,820 3,100 1,360 1,910 1,520 595 710 Investments Assume that the following events occurred in the following quarter, which ended December 31, 2016. Dollars are in millions. a. Pald $1,250 cash for additional intangible assets b. Issued additional shares of common stock for $10,500 In cash. c. Purchased equipment; paid $4,500 in cash and signed additional long-term loans for $9,400. d Pald $850 cash for accounts payable owed at October 2. e. Conducted negotiations to purchase a coffee farm, which is expected to cost $8,400 2. Analyze transactions (a)-fe) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign. Enter your answers in millions (.e., 10,000,000 should be entered as 10).) Stockholders' Equity Assets Liabilities + a. Cash h c. d e
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