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Required information [The following information applies to the questions displayed below.] Orange Incorporated, headquartered in Cupertino. California, designs, manufactures, and markets smartphones, personal computers, tablets,

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Required information [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 that the following transactions (in millions) occurred during the next fiscal year (ending on September 26, 2020): a. Borrowed $18,271 from banks due in two years. b. Purchased additional investments for $21,400 cash; one-fifth were long term and the rest were short term. c. Purchased property. plant, and equipment; paid $9,575 in cash and signed a short-term note for $1,415. d. Issued additional shares of common stock for $1,474 in cash; total par value was $1 and the rest was in excess of par value. e. Sold short-term investments costing $19,013 for $19,013 cash. f. Declared $11,131 in dividends to be paid at the beginning of the next fiscal year. Note: tnter your answers in maions

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