✓ Use the information in the following table on the financial situation of a large company as of September 30, 2018 (the end of the firm's financial year), to prepare the balance sheet for the firm. Current assets $1,753million 2,123 million Current liabilities Property and equipment 2,988 million Long-term liabilities 996 million Goodwill 277 million Other assets 294 million Fill in the remaining amounts below. All amounts are given in millions (enter your responses as integers). Assets Liabilities and Stockholder's Equity Current assets Property and equipment Goodwill Other assets Total assets $1,753 Current liabilities 2,988 Long-term liabilities 277 Total liabilities 294 Stockholders' equity Total liabilities and stockholders' equity $2,123 996

✓ Use the information in the following table on the financial situation of a large company as of September 30, 2018 (the end of the firm's financial year), to prepare the balance sheet for the firm. Current assets $1,753million 2,123 million Current liabilities Property and equipment 2,988 million Long-term liabilities 996 million Goodwill 277 million Other assets 294 million Fill in the remaining amounts below. All amounts are given in millions (enter your responses as integers). Assets Liabilities and Stockholder's Equity Current assets Property and equipment Goodwill Other assets Total assets $1,753 Current liabilities 2,988 Long-term liabilities 277 Total liabilities 294 Stockholders' equity Total liabilities and stockholders' equity $2,123 996

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 103.4C

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