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Use the Consolidated Balance Sheet to prove that the Balance Sheet is truly in balance by filling in each element of the Accounting Equation. Dec
Use the Consolidated Balance Sheet to prove that the Balance Sheet is truly in balance by filling in each element of the Accounting Equation.
Dec 31, 2019 Dec 31, 2018 Consolidated Balance Sheets - USD ($) $ in Millions Current assets: Cash and cash equivalents Marketable securities Inventories Accounts receivable, net and other Total current assets Property and equipment, net Operating leases Goodwill Other assets Total assets Current liabilities: Accounts payable Accrued expenses and other Unearned revenue Total current liabilities Long-term lease liabilities Long-term debt Other long-term liabilities Commitments and contingencies (Note 7) Stockholders' equity: Preferred stock, $0.01 par value: Authorized shares - 500 Issued and outstanding shares - none $36,092 18,929 20,497 20,816 96,334 72,705 25,141 14,754 16,314 225,248 $ 31,750 9,500 17,174 16,677 75,101 61,797 0 14,548 11,202 162,648 47,183 32,439 8,190 87,812 39,791 23,414 12,171 38,192 23,663 6,536 68,391 9,650 23,495 17,563 0 0 5 5 Common stock, $0.01 par value: Authorized shares - 5,000 Issued shares - 507 and 514 Outstanding shares - 484 and 491 Treasury stock, at cost Additional paid-in capital Accumulated other comprehensive income (loss) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity (1,837) 33,658 (986) 31,220 62,060 $ 225,248 (1,837) 26,791 (1,035) 19,625 43,549 $ 162,648Step by Step Solution
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