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Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical order Accounts payable Accounts receivable Accrued expenses Cash and cash equivalents: Common stock, se.0375 par value Intangible assets Inventories $ 657 Other assets 595 Other current assets 617 Other current debt 300 Other noncurrent liabilities 386 Property, plant, and equipment, net 3,063 Retained earnings 1,010 Required: Prepare a classified consolidated balance sheet for Carlton Soup for the current year (ended July 31) Note: Enter your answers in millions (l.c. 10,000,000 should be entered as 10). $ 135 60 1,115 3,749 2,277 916

Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical order Accounts payable Accounts receivable Accrued expenses Cash and cash equivalents: Common stock, se.0375 par value Intangible assets Inventories $ 657 Other assets 595 Other current assets 617 Other current debt 300 Other noncurrent liabilities 386 Property, plant, and equipment, net 3,063 Retained earnings 1,010 Required: Prepare a classified consolidated balance sheet for Carlton Soup for the current year (ended July 31) Note: Enter your answers in millions (l.c. 10,000,000 should be entered as 10). $ 135 60 1,115 3,749 2,277 916

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required: Prepare a classified consolidated balance sheet for Carlton Soup for the current year (ended July 31). Note: Enter your answers in millions (l.e., 10,000,000 should be entered as 10). Current Assets: Total assets Total current assets CARLTON SOUP COMPANY Consolidated Balance Sheet Current liabilities: Liabilities and Stockholders' Equity Total current liabilities Total liabilities Stockholders' Equity (in millions) Assets Total stockholders' equity Total liabilities and stockholders' equity $ $ 0 0 0 0
Transcribed Image Text:Required: Prepare a classified consolidated balance sheet for Carlton Soup for the current year (ended July 31). Note: Enter your answers in millions (l.e., 10,000,000 should be entered as 10). Current Assets: Total assets Total current assets CARLTON SOUP COMPANY Consolidated Balance Sheet Current liabilities: Liabilities and Stockholders' Equity Total current liabilities Total liabilities Stockholders' Equity (in millions) Assets Total stockholders' equity Total liabilities and stockholders' equity $ $ 0 0 0 0
Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical order Accounts payable Accounts receivable Accrued expenses Cash and cash equivalents: Common stock, se.0375 par value Intangible assets Inventories $ 657 Other assets 595 Other current assets 617 Other current debt 300 Other noncurrent liabilities 386 Property, plant, and equipment, net 3,063 Retained earnings 1,010 Required: Prepare a classified consolidated balance sheet for Carlton Soup for the current year (ended July 31). Note: Enter your answers in millions (l.e., 10,000,000 should be entered es 10). $ 135 60 1,115 3,749 2,277 916
Transcribed Image Text:Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known brands of food in 160 countries. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in millions) presented in alphabetical order Accounts payable Accounts receivable Accrued expenses Cash and cash equivalents: Common stock, se.0375 par value Intangible assets Inventories $ 657 Other assets 595 Other current assets 617 Other current debt 300 Other noncurrent liabilities 386 Property, plant, and equipment, net 3,063 Retained earnings 1,010 Required: Prepare a classified consolidated balance sheet for Carlton Soup for the current year (ended July 31). Note: Enter your answers in millions (l.e., 10,000,000 should be entered es 10). $ 135 60 1,115 3,749 2,277 916
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