Tech Tool: Spreadsheet Software Valencia Orange Inc. has asked for your assistance in adding some XBRL tags

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Tech Tool: Spreadsheet Software

Valencia Orange Inc. has asked for your assistance in adding some XBRL tags to its financial statements.

1. Download the data file for this exercise.

2. Use the information in Figure 9.12 to write the XBRL tags for the following selected items on Valencia Orange’s statement of financial position at August 31, 2011.

a. Long-term debt noncurrent $4,172.5 million

b. Other liabilities noncurrent $391.5 million

c. Commitments and contingencies $0

d. Common stock $3 million

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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