Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the attached picture which shows the assets and liabilities and equity of XYZ corp; please create a balance sheet. It needs to be broken
Using the attached picture which shows the assets and liabilities and equity of XYZ corp; please create a balance sheet. It needs to be broken down into a table; please help
(Dollars in millions, except per share data) December 31, Assets 2018 Cash and cash equivalents $7,637 927 Short-term and other investments Accounts receivable, net 3,879 Unbilled receivables, net 10,025 Current portion of customer financing, net 460 Inventories 62,567 Other current assets 2,335 87,830 Total current assets Customer financing, net Property, plant and equipment, net 2,418 12,645 Goodwill 7,840 3,429 Acquired intangible assets, net Deferred income taxes 284 Investments 1,087 1,826 Other assets, net of accumulated amortization of $503 and $482 Total assets Liabilities and equity Accounts payable $117,359 $12,916 Accrued liabilities 14,808 Advances and progress billings Short-term debt and current portion of long-term debt Total current liabilities 50,676 3,190 81,590 Deferred income taxes 1,736 Accrued retiree health care 4,584 Accrued pension plan liability, net 15,323 Other long-term liabilities Long-term debt Shareholders' equity: Common stock, par value $5.00 1,200,000,000 shares authorized; 1,012,261,159 shares issued 3,059 10,657 5,061 6,768 Additional paid-in capital Treasury stock, at cost Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity Total liabilities and equity (52,348) 55,941 (15,083) 339 71 410 $117,359 (Dollars in millions, except per share data) December 31, Assets 2018 Cash and cash equivalents $7,637 927 Short-term and other investments Accounts receivable, net 3,879 Unbilled receivables, net 10,025 Current portion of customer financing, net 460 Inventories 62,567 Other current assets 2,335 87,830 Total current assets Customer financing, net Property, plant and equipment, net 2,418 12,645 Goodwill 7,840 3,429 Acquired intangible assets, net Deferred income taxes 284 Investments 1,087 1,826 Other assets, net of accumulated amortization of $503 and $482 Total assets Liabilities and equity Accounts payable $117,359 $12,916 Accrued liabilities 14,808 Advances and progress billings Short-term debt and current portion of long-term debt Total current liabilities 50,676 3,190 81,590 Deferred income taxes 1,736 Accrued retiree health care 4,584 Accrued pension plan liability, net 15,323 Other long-term liabilities Long-term debt Shareholders' equity: Common stock, par value $5.00 1,200,000,000 shares authorized; 1,012,261,159 shares issued 3,059 10,657 5,061 6,768 Additional paid-in capital Treasury stock, at cost Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity Total liabilities and equity (52,348) 55,941 (15,083) 339 71 410 $117,359Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started