Sony Corporation Financial Statement

A Inventory $55,500 B Total Current Assets $127,500 C Building $249,000 D Total Assets $337,500 E Accounts Payable $15,000 F Mortgage Payable $97,500 G Total Liabilities $135,000 H Retained Earnings $97,500 I Total Stockholders’ Equity $202,500 J Total Liabilities and Stockholders’ Equity $337,500

This annual report consists of two parts: management’s discussion and analysis (this section) and the basic financial statements. The basic financial statements include a series of financial statements. The Statement of Net Assets and the Statement of Activities (on pages and ) provide information about the activities of the [type of entity] as a whole and present a longer-term view of the [type of entity]’s

Japan is the home to of the top companies in the world. One of the companies, which has helped Japan’s economy to be one of the top, is Sony. Modern day Sony is a high profit high output company, which is manly due to its marketing strategies and decision to its customers.

25-7 If a loss cannot be accrued in the period when ti is probable that an asset had been impaired or a liability had been incurred because the amount of loss cannot be reasonable estimated, the loss shall be charged to the income of the period in which the loss can be reasonably estimated and shall not be charged retroactively to an earlier period. All estimated losses for loss contingencies shall be charged to income rather than charging some to income and others to retained earnings as prior period adjustments.”

2. For the most recent year, what is the amount of inventory in the balance sheet? What does this amount represent?

1996 Current Assets: Cash & Equivalents Marketable Securities AFS Accounts Receivable Inventory Other Current Assets Total Current Assets Property & Equipment, net Goodwill, net Other Total Assets Current Liabilities: Short-Term Borrowings Accounts Payable Accrued Expenses Income Taxes Payable Current Maturities of LT Debt Total Current

Item 7.|  |MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS|  | |25|  |

Please break down the current liabilities that are listed on the May 2015 balance sheet. I would like to know more about the acquired property taxes, distribution payable, notes payable, etc.

Long-Term Liabilities | | Accrued Pension& Post-Retirement Health Care | 58,362 | 52,721 | 5,641 | 11% | Long-Term Debt | 13,431 | 15,318 | (1,887) | (12%) | Total Long-Term Debt Liabilities | 71,793

| |financial statements related to cash and cash equivalents, receivables, and inventories. | | |

Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 646,339 558,851

The most current financial report shows, payables of $7,237 (millions). The account payables added up to $6,651 (millions). The category makes up most of the payables. Next is the accrued expenses at $984 (millions). The last is current debt, this being the second largest payables account at $1,305 (millions).

Current and historical Financial Statements (Income Statement (I/S), Balance Sheet (B/S) and Statement of Cash Flows) from the three most current years for the firm

liabilities he owes and the amount of capital he has. Normally, the lists of assets should be

CURRENT LIABILITIES Trade payables Other current liabilities Short-term provisions 2.5 2.6 2.7 34 2,882 1,956 4,872 36,899 ASSETS NON-CURRENT ASSETS Fixed assets Tangible assets Intangible assets Capital work-in-progress 68 2,365 3,604 6,037 35,815