Question
Required: Refer to Tesla, Inc.s 2022 Form 10K and specifically item 8, Financial Statements and Supplementary Data, which is included in the financial information section
Required: Refer to Tesla, Inc.s 2022 Form 10K and specifically item 8, Financial Statements and Supplementary Data, which is included in the financial information section of course documents included in Canvas. 1. What is the total $ amount of cash, cash equivalents and restricted cash that is included in Teslas December 31, 2022 balance sheet? (Hint you will need to read the summary of significant accounting policies footnote 2: restricted cash to answer this question just like you did for the related chapter 22 assignment question.) [1 points] 2. How does Tesla define and describe restricted cash? [Hint: you will also need to read Teslas summary of significant accounting policies Note 2: restricted cash to answer this question.] [1 point] 3. What are the individual components and amounts of Teslas cash and cash equivalents that total $16,253 balance on the balance sheet? [You will need to read Teslas Note 5 Fair Value of Financial Instruments - cash equivalents and investments schedule.] [1 point] 4. Previously you learned during lecture that all assets on the balance sheet must have future economic benefit or value, so why is cash an asset on the balance sheet? [1 point] 5. What is the $ amount of Teslas December 31, 2022 accounts receivable AND what is an accounts receivable [as discussed in lecture]? [2 points] . 6. What does net mean as listed after accounts receivable on Teslas balance sheet? [We discussed this during lecture, but reading Teslas, Note 2 Summary of Significant Accounting Policies: Accounts Receivable and Allowance for Doubtful Accounts will help you.] [1 points] 7. Based on our IBM accounts receivable lecture, explain how cash, accounts receivable and revenue are related to each other and where each item is included in the financial statement [do not discuss any of the statement of cash flow items]. [2 points]
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