The following selected financial information is available for HAS, Inc. Amounts are in millions of dollars.

Required
a. Divide the class into groups of four or five students each. Organize the groups into four sections. Assign Task 1 to the first section of groups, Task 2 to the second section, Task 3 to the third section, and Task 4 to the fourth section.
Group Tasks
(1) Fill in the missing information for 2011.
(2) Fill in the missing information for 2012.
(3) Fill in the missing information for 2013.
(4) Fill in the missing information for 2014.
Each section should select two representatives. One representative is to put the financial statements assigned to that section on the board, underlining the missing amounts. The second representative is to explain to the class how the missing amounts were determined.
Each section should list events that could have caused the unusual items category on the incomestatement.

Transcribed Image Text:

2011 Income Statements Revenue Cost and expenses Income from continuing operations 2014 2013 2012 S 860 1,520 (a $1,200 a)a) 12400)(860) (al 0- 75 b) (b) S 20 S (b)175 300 450 320 Unusual items Net income Balance Sheets Assets Cash and marketable securities Other assets $350 $1,720 $ (c) $940 1,900(c)2500 (c) 2,250 00 (d) $3,500 S (c) S (d 1001 S (d) Total assets Liabilities Stockholders' equity Common stock Retained earnings 880 720 800 800 Total stockholders' equity 1,5201,345 2,200 S2,250 S ( 250 $3,500 Total liabilities and stockholders' equity