REQUIRED: Show the entry of 8 adjustment transactions in the analysis worksheet in the respective headings before updating the income statement, retained earnings, and balance sheet.

The final updated check figures should be: (answers for verification)

• Net income $1,639
• Ending retained earnings $6,611
• Class A common stock $42
• Class B common stock $13
• Capital in excess of par value $10,144
• Treasury stock $(3,906)
• Total assets $30,818

1 Assume the balance sheet item "Assets held for sale" are available-for-sale short-term investments

that Tyson intends to sell in the near future. Tyson reviewed the market value of the securities and

determined that they had a market value of $750 at the end of the year. Please adjust these securities to their

market value.

2 At October 1, 2016, Tyson delcared and distributed a 10% stock dividend on its Class A common stock. At

the time of the dividend declaration, Tyson Class A common stock had a fair value of $59 per share.

3 Declared and paid a $800 cash dividend.

4 Tyson issued, for cash, 59 million more shares of its Class B common stock, at $60 per share.

5 Repurchased 6 million shares of Class A common stock, and placed these shares in Treasury, at $58

per share.

6 Five months later, Tyson re-sold 2 million shares of the stock it repurchased in #14, at $61 per share.

7 Tyson purchased a rival business, for cash, $1,100. Acquired (fair market value) were: inventories $50,

property plant and equipment $847. Also inhereted accounts payable of $430.

8 Tyson filed various tax returns and paid additional income taxes, $135.

IN CASE YOU NEED MAGNIFIED IMAGES:

1 2 3 4 5 6 7 8 Updated Fiscal Year 30-Sep-17 38,260 33,177 5,083 2.152 2,931 1 Tyson Foods, Inc. 2 Consolidated Statements of Income 3 4 (in millions, except per share amounts) 5 Sales 6 Cost of sales 7 Gross Profit 8 Selling, general and adminstrative 9 Operating Income 10 Other income and expense: 11 Interest income 12 Interest expense 13 Other, net 14 Total Other (Income) Expense 15 Income before Income Taxes 16 Income Tax Expense 17 Net Income 18 Less: Net income attributable to noncontrolling interest 19 Net Income Atributable to Tyson 20 21 Tyson Foods, Inc. 22 Consolidated Statement of Retained Earnings 23 Beginning balance, October 1, 2016 24 Net income attributable to Tyson 25 Dividends 26 Ending balance, September 30, 2017 27 (7) 279 31 303 2,628 850 1,778 4 1,774 8,348 1,774 (346) 9,776 30-Sep-17 1 2 4 5 6 7 Updated 318 1,675 3,239 219 807 6,258 5,568 9,324 6,243 673 28,066 por feeds, lac. 2 Consolidated Balance Sheets (millions, except share and per share amounts) Assets 5 Current Assets: 6 Cash and cash equivalente 7 Accounts receivable, net Inventories Other current assets 10 Assets held for sale 11 Total Current Ascote 12 Net Property. Plant, and Equipment 13 Goodwill 14 Intangible Assets, net 15 Other boats 16 Total Assets 17 Liabilities and Shareholders' Equity 18 Current Liabilities: 19 Current debt 20 Accounts payable 21 Other current liabilities 22 Liabilities held for sale 23 Total Current Liabilities 24 Long Term Debt 25 Deferred Income Taxes 26 Other Liabilities 27 Commitments and Contingencies 28 Stockholders' Equity: 29 Common stock ($0.10 par value): Class A, issued 378 million shares 31 Class B, issued 70 million shares 32 Capital in Excess of Par Value Retained Earnings Accumulated other comprehensive gain (loss) 35 Treasury stock, at cost - 80 million shares Total Tyson Shareholders' Equity 37 Noncontrolling Interests 38 Total Shareholders' Equity 39 Total Liabilities and Shareholders' Equity 906 1,698 1,424 4 4,032 9,297 2,979 1,199 7 4,376 9,776 16 (3,674) 10,541 18 10,559 28.066 Fiscal Year 30-Sep-17 38,260 33,177 5,083 2,152 2,931 2 Consolidated Statements of Income 3 4 (in millions, except per share amounts) 5 Sales 6 Cost of sales 7 Gross Profit 8 Selling, general and adminstrative 9 Operating Income 10 Other income and expense: 11 Interest income 12 Interest expense 13 Other, net 14 Total Other (Income) Expense 15 Income before Income Taxes 16 Income Tax Expense 17 Net Income 18 Less: Net income attributable to noncontrolling interest 19 Net Income Atributable to Tyson 20 21 Tyson Foods, Inc. 22 Consolidated Statement of Retained Earnings 23 Beginning balance, October 1, 2016 24 Net income attributable to Tyson 25 Dividends 26 Ending balance, September 30, 2017 (7) 279 31 303 2,628 850 1,778 4 1,774 8,348 1,774 (346) 9,776 1 30-Sep-17 318 Tyson Foods, Inc. 2 Consolidated Balance Sheets 3 (millions, except share and per share amounts) 4 Assets 5 Current Assets: 6 Cash and cash equivalents 7 Accounts receivable, net 8 Inventories 9 Other current assets 10 Assets held for sale 11 Total Current Assets 12 Net Property, Plant, and Equipment 13 Goodwill 14 Intangible Assets, net 15 Other assets 16 Total Assets 1,675 3,239 219 807 6,258 5,568 9,324 6,243 673 28,066 906 1,698 1,424 4 4,032 9,297 2,979 1,199 17 Liabilities and Shareholders' Equity 18 Current Liabilities: 19 Current debt 20 Accounts payable 21 Other current liabilities 22 Liabilities held for sale 23 Total Current Liabilities 24 Long-Term Debt 25 Deferred Income Taxes 26 Other Liabilities 27 Commitments and Contingencies 28 Stockholders' Equity: 29 Common stock ($0.10 par value): 30 Class A, issued 378 million shares 31 Class B, issued 70 million shares 32 Capital in Excess of Par Value 33 Retained Earnings 34 Accumulated other comprehensive gain (loss) 35 Treasury stock, at cost - 80 million shares 36 Total Tyson Shareholders' Equity 37 Noncontrolling Interests 38 Total Shareholders' Equity 39 Total Liabilities and Shareholders' Equity 38 7 4,378 9,776 16 (3,674) 10,541 18 10,559 28,066 A 1 2 3 4 5 6 7 8 Updated Fiscal Year 30-Sep-17 38,260 33,177 5,083 2.152 2,931 1 Tyson Foods, Inc. 2 Consolidated Statements of Income 3 4 (in millions, except per share amounts) 5 Sales 6 Cost of sales 7 Gross Profit 8 Selling, general and adminstrative 9 Operating Income 10 Other income and expense: 11 Interest income 12 Interest expense 13 Other, net 14 Total Other (Income) Expense 15 Income before Income Taxes 16 Income Tax Expense 17 Net Income 18 Less: Net income attributable to noncontrolling interest 19 Net Income Atributable to Tyson 20 21 Tyson Foods, Inc. 22 Consolidated Statement of Retained Earnings 23 Beginning balance, October 1, 2016 24 Net income attributable to Tyson 25 Dividends 26 Ending balance, September 30, 2017 27 (7) 279 31 303 2,628 850 1,778 4 1,774 8,348 1,774 (346) 9,776 30-Sep-17 1 2 4 5 6 7 Updated 318 1,675 3,239 219 807 6,258 5,568 9,324 6,243 673 28,066 por feeds, lac. 2 Consolidated Balance Sheets (millions, except share and per share amounts) Assets 5 Current Assets: 6 Cash and cash equivalente 7 Accounts receivable, net Inventories Other current assets 10 Assets held for sale 11 Total Current Ascote 12 Net Property. Plant, and Equipment 13 Goodwill 14 Intangible Assets, net 15 Other boats 16 Total Assets 17 Liabilities and Shareholders' Equity 18 Current Liabilities: 19 Current debt 20 Accounts payable 21 Other current liabilities 22 Liabilities held for sale 23 Total Current Liabilities 24 Long Term Debt 25 Deferred Income Taxes 26 Other Liabilities 27 Commitments and Contingencies 28 Stockholders' Equity: 29 Common stock ($0.10 par value): Class A, issued 378 million shares 31 Class B, issued 70 million shares 32 Capital in Excess of Par Value Retained Earnings Accumulated other comprehensive gain (loss) 35 Treasury stock, at cost - 80 million shares Total Tyson Shareholders' Equity 37 Noncontrolling Interests 38 Total Shareholders' Equity 39 Total Liabilities and Shareholders' Equity 906 1,698 1,424 4 4,032 9,297 2,979 1,199 7 4,376 9,776 16 (3,674) 10,541 18 10,559 28.066 Fiscal Year 30-Sep-17 38,260 33,177 5,083 2,152 2,931 2 Consolidated Statements of Income 3 4 (in millions, except per share amounts) 5 Sales 6 Cost of sales 7 Gross Profit 8 Selling, general and adminstrative 9 Operating Income 10 Other income and expense: 11 Interest income 12 Interest expense 13 Other, net 14 Total Other (Income) Expense 15 Income before Income Taxes 16 Income Tax Expense 17 Net Income 18 Less: Net income attributable to noncontrolling interest 19 Net Income Atributable to Tyson 20 21 Tyson Foods, Inc. 22 Consolidated Statement of Retained Earnings 23 Beginning balance, October 1, 2016 24 Net income attributable to Tyson 25 Dividends 26 Ending balance, September 30, 2017 (7) 279 31 303 2,628 850 1,778 4 1,774 8,348 1,774 (346) 9,776 1 30-Sep-17 318 Tyson Foods, Inc. 2 Consolidated Balance Sheets 3 (millions, except share and per share amounts) 4 Assets 5 Current Assets: 6 Cash and cash equivalents 7 Accounts receivable, net 8 Inventories 9 Other current assets 10 Assets held for sale 11 Total Current Assets 12 Net Property, Plant, and Equipment 13 Goodwill 14 Intangible Assets, net 15 Other assets 16 Total Assets 1,675 3,239 219 807 6,258 5,568 9,324 6,243 673 28,066 906 1,698 1,424 4 4,032 9,297 2,979 1,199 17 Liabilities and Shareholders' Equity 18 Current Liabilities: 19 Current debt 20 Accounts payable 21 Other current liabilities 22 Liabilities held for sale 23 Total Current Liabilities 24 Long-Term Debt 25 Deferred Income Taxes 26 Other Liabilities 27 Commitments and Contingencies 28 Stockholders' Equity: 29 Common stock ($0.10 par value): 30 Class A, issued 378 million shares 31 Class B, issued 70 million shares 32 Capital in Excess of Par Value 33 Retained Earnings 34 Accumulated other comprehensive gain (loss) 35 Treasury stock, at cost - 80 million shares 36 Total Tyson Shareholders' Equity 37 Noncontrolling Interests 38 Total Shareholders' Equity 39 Total Liabilities and Shareholders' Equity 38 7 4,378 9,776 16 (3,674) 10,541 18 10,559 28,066 A