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JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share AmounJOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY (Dollars in Millions) (Note 1) Accumulated Other Compreh(Dollars In millions) 2018 51 Cost of products sold Selling, marketing and administrative expenses Research and development e1. Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the apresented in the financial statements. The Companys operating leases will result in the recognition of additional assets andcustomers for retumed goods. The Companys sales retums reserves are accounted for in accordance with the U.S. GAAP guidance2,200 Goodwill as of December 30, 2018 and December 31, 2017, as allocated by segment of business, was as follows: (Dollars iAll derivative instruments are recorded on the balance sheet at fair value. Changes in the fair value of derivatives are recoOther Cost of BAD (Income) The following table is a summary of the activity related to derivatives and hedges for the fiscal7. Borrowings The components of long-term debt are as follows: Effective Rate Effective Rate 31 2017 90] [8 ༡] 1.| 39 $$) 83At the most recent balance sheet date, total depreciation expense recognized by Johnson & Johnson on property, plant and equiQuestion 7 As a proportion of total assets, Johnson & Johnsons largest non-current asset at the most recent balance date wasQuestion 8 1.25 points sa Johnson & Johnsons depreciation method results in _________ accelerated depreciation methods. _ boQuestion 9 1.25 points Save A net income being reported on the companys income statement early in an assets useful life thaQuestion 10 In the most recent reporting period, the amount of cash paid by Johnson & Johnson for property and equipment was

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Answer #1

question 6

Depreciation amount was $24,816 millions for the most current reporting period.

question 7

It was intangibles and amounted to $47,611 millions (represents 31.13% of total assets) which formed the largest non current assets from the total assets.

question 8

Company uses straight line method of depreciation and the depreciation amount is same each year over the life of the assets. whereas, accelerated method results assets losing it book value at a faster rate.

So, the correct option is company's current depreciation method will result in more book value.

question 9

The current depreciation method used by the Company will result more net profit compared to accelerated depreciation methods.

question 10

The amount of cash paid for property, plant and equipment was $3,670 millions

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