Preparing a Balance Sheet
Honda Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of yen (the sign for yen is ¥). Its recent balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31. 2009. solving for the missing amount. (Hint: Exhibit 1.2 in the chapter pro\ides a good model for completing this exercise.)
Cash and cash equivalents | ¥ 690 |
Contributed capital | 259 |
Accounts payable and other current liabilities | 4.237 |
Inventories | 1.244 |
Investments | 639 |
Long-term debt | 1.933 |
Net property, plant, and equipment | 2.148 |
Other assets | 6.244 |
Other liabilities | 1.519 |
Retained earnings | 3.871 |
Total assets | 11.819 |
Total liabilities and stockholders' equity | ? |
Trade accounts, notes, and other receivables | 854 |
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