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Required: Using the following account balances for BigCo Inc. on December 31, 2021, prepare in good form, the balance sheet in multi-step format All amounts
Required: Using the following account balances for BigCo Inc. on December 31, 2021, prepare in good form, the balance sheet in multi-step format
All amounts are rounded to the nearest million dollars | |||||
Chart of Accounts and balances | |||||
Accounts Payable | 9,261 | ||||
Accrued Pension and Health care liability*non-current | 12,632 | ||||
Accrued Expenses | 18,455 | ||||
Accts Rcvble, net | 11,261 | ||||
Accumulated Other Comprehensive Loss | (1,659) | ||||
Acquired Intangible Assets | 2,562 | ||||
Additional Pd in Capital | 9,052 | ||||
Advances and Progress Billings | 52,980 | ||||
Basic and Diluted EPS (not in millions) | (7.15) | ||||
Cash and Cash Equivalents | 8,052 | ||||
Common Stock | 5,061 | ||||
Comprehensive Loss Attributable to Non-controlling Interest | (88) | ||||
Cost of Products Sold | (49,954) | ||||
Cost of Services Sold | (9,283) | ||||
Current portion of customer financing, net | 117 | ||||
Current portion of long-term debt | 1,296 | ||||
Customer financing. Net of current portion | 1,695 | ||||
Deferred Income Tax Asset | 77 | ||||
Deferred Income Tax Liability | 218 | ||||
Financing Arm Interest Expense | (32) | ||||
Fixed Assets, net | 10,918 | ||||
Gain on Dispositions | 277 | ||||
General and Administrative Expenses | (4,157) | ||||
Goodwill | 8,068 | ||||
Income Tax Benefit | 743 | ||||
Interest Expense | (2,682) | ||||
Inventories | 78,823 | ||||
Investment Income | 210 | ||||
Investments | 975 | ||||
Long Term Debt | 58,606 | ||||
Loss Attributable to Non-controlling Interest | (88) | ||||
Non-Controlling Interests | 153 | ||||
Other Assets Net | 5,591 | ||||
Other current Assets | 2,221 | ||||
Other Income | 551 | ||||
Other Long-Term Liabilities | 1,750 | ||||
Research and Development | (2,249) | ||||
Retained Earnings | 34,408 | ||||
Sales of Products | 51,386 | ||||
Sales of Services | 10,900 | ||||
Short Term Investments | 8,192 | ||||
Treasury Stock | (51,861) | ||||
Unrealized gain on Investment securities | 5,474 |
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