Use the Income Statement, Statement of Comprehensive Income, and Balance Sheet for Alphabet (Google) to answer the following questions.

1. How much is the change in equity from non-owner sources for the most current year? Show the amount and the name of the line item.

2. How much are the outflows, using up of asset, or incurrence of liabilities for the most current period? Show the amount and the name of the line item.

3. How much is income from peripheral transactions for the most current period? Show the amount and the name of the line item.

4. How much are the probable future sacrifices of economic benefits for the most current period? Show your computation and label the line item.

5. List one asset on the balance sheet that is shown at net realizable value. Indicate the name of the asset and the amount for the most current period.

Alphabet Inc. CONSOLIDATED STATEMENTS OF INCOME (In millions, except per share amounts) Year Ended December 31, 2016 2015 2017 $ 74,989 90,272 $110,855 Revenues Costs and expenses Cost of revenues 28,164 35,138 45,583 12,282 13,948 16,625 9,04710,485 12,893 6,872 2,736 55,629 66,556 84,709 19,360 23,716 26,146 1,047 19,651 24,150 27,193 4,672 14,531 $ 16,348 $ 19,478 $ 12,662 Research and development Sales and marketing General and administrative 6,136 6,985 European Commission fine Total costs and expenses Income from operations Other income (expense), net Income before income taxes Provision for income taxes Net income 291 434 3,303 Less: Adjustment Payment to Class C capital stockholders Net income available to all stockholders 522 $ 15,826 $ 19,478 $ 12,662 Basic net income per share of Class A and B common stock $ 23.11 $28.32 $ 18.27 $ Basic net income per share of Class C capital stock 24.63 $ 28.32 $ 18.27 Diluted net income per share of Class A and B common stock $ 22.84 $ 27.85 $18.00 18.00 Diluted net income per share of Class C capital stock $ 24.34 $ 27.85 $ See accompanying notes Alphabet Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In millions) Year Ended December 31, 2016 $ 16,348 $ 19,478 $12,662 2015 2017 Net income Other comprehensive income (loss) Change in foreign currency translation adjustment Available-for-sale investments (1,067) (599) Change in net unrealized gains (losses) Less: reclassification adjustment for net (gains) losses included in net income Net change (net of tax effect of $29, $0, and $0) 1,543 307 105 412 (715) (314) 221 (93) 515 (1,003) (351) 164 208 (507) 676 Cash flow hedges Change in net unrealized gains (losses) Less: reclassification adjustment for net (gains) losses included in net income Net change (net of tax effect of $115, $64 and $247) (638) 93 (545) (327) Other comprehensive income (loss) Comprehensive income (1.901)(528) 1,410 $14,447 $ 18,950 $ 14,072 (In millions, except share and par value amounts which are reflected in thousands, and par value per share amounts) As of As of December December 31, 2016 31, 2017 Assets Current assets Cash and cash equivalents Marketable securities Total cash, cash equivalents, and marketable securities Accounts receivable, net of allowance of $467 and $674 Income taxes receivable, net Inventory Other current assets $12,918 $10,715 91,156 73,415 86,333 101,871 18,336 369 749 2,983 124,308 7,813 680 42,383 2,692 16,747 2,672 $167,497 197,295 14,137 95 268 4,575 105,408 5,878 383 34,234 3,307 16,468 1,819 Total current assets Non-marketable investments Deferred income taxes Property and equipment, net Intangible assets, net Goodwill Other non-current assets Total assets Liabilities and Stockholders' Equity Current liabilities 2,041 S$ Accounts payable Accrued compensation and benefits Accrued expenses and other current liabilities Accrued revenue share Deferred revenue Income taxes payable, net 3,976 6,144 2,942 1,099 554 16,756 3,935 202 4,677 3,137 4,581 10,177 3,975 1,432 881 24,183 3,969 340 12,812 Total current liabilities Long-term debt Deferred revenue, non-current Income taxes payable, non-current Deferred income taxes Other long-term liabilities 226 2,665 28,461 430 3,059 44,793 Total liabilities Commitments and Contingencies (Note 10) Stockholders' equity: Convertible preferred stock, $0.001 par value per share, 100,000 shares authorized; no shares issued and outstanding Class A and Class B common stock, and Class C capital stock and additional paid-in capital, $0.001 par value per share: 15,000,000 shares authorized (Class A 9,000,000, Class B 3,000,000 Class C 3,000,000); 691,293 (Class A 296,992, Class B 47,437, Class C 346,864) and 694,783 (Class A 298,470, Class B 46,972, Class C 349,341) shares issued and outstanding Accumulated other comprehensive loss Retained earnings 40,247 (992) 113,247 152,502 $167,497 $ 197,295 36,307 (2,402) 105,131 139,036 Total stockholders' equity Total liabilities and stockholders' equity See accompanying notes Elements of Financial Statements Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events Assets Liabilities Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events Called shareholders' equity or stockholders' equity for a corporation, it is the residual interest in the assets of an entity that remains after deducting its liabilities Increases in equity of a particular business enterprise resulting from transfers to it from other entities of something of value to obtain or increase ownership interests in it. Decreases in equity of a particular enterprise resulting from transfers to owners. The change in equity of a business enterprise during a period from transactions and other events and circumstances from nonowner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Inflows or other enhancements of assets of an entity or settlements of its liabilities during a period from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations. Outflows or other using up of assets or incurrences of liabilities during a period from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations. Increases in equity from peripheral or incidental transactions of an entity. Represent decreases in equity arising from peripheral or incidental transactions of an entity. Equity (or net assets) Investments by owners Distributions to owners Comprehensive income Revenues Expenses Gains Losses