The following items are from the 2009 balance sheet of Kellogg Company. (All dollars are in millions.)

Question:

The following items are from the 2009 of Kellogg Company. (All dollars are in millions.)
Common stock ....... $ 577
Other assets ......... 5,632
Notes payable-current ....... 44
Other current assets ...... 221
Cash and cash equivalents ... 334
Other long-term liabilities ... 1,802
Retained earnings ....... 1,698
Accounts payable ........ 1,077
Other current liabilities ...... 1,167
Accounts receivable, net ...... 1,093
Property, net ......... 3,010
Inventories ............ 910
Long-term debt ....... 4,835
Instructions
Prepare a classified for Kellogg Company as of December 31, 2009.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...