E1-4 LO1-1 Honda Motor Corporation 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 ¥). A simplified version of its recent balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Hint: Exhibit 1.2 in the chapter provides a good model for completing this exercise.) Cash and cash equivalents ¥2,106 Common stock Accounts payable and other current liabilities Inventories Investments Long-term debt Net property, plant, and equipment. Other assets Other liabilities Retained earnings Total assets Total liabilities and stockholders' equity Trade accounts, notes, and other receivables. Source: Honda Motor Corporation 231 5,429 1,364 597 4,022 3,200 8,606 1,938 7,338 18,958 ? 3,085
E1-4 LO1-1 Honda Motor Corporation 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 ¥). A simplified version of its recent balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Hint: Exhibit 1.2 in the chapter provides a good model for completing this exercise.) Cash and cash equivalents ¥2,106 Common stock Accounts payable and other current liabilities Inventories Investments Long-term debt Net property, plant, and equipment. Other assets Other liabilities Retained earnings Total assets Total liabilities and stockholders' equity Trade accounts, notes, and other receivables. Source: Honda Motor Corporation 231 5,429 1,364 597 4,022 3,200 8,606 1,938 7,338 18,958 ? 3,085
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement
Section: Chapter Questions
Problem 9E
Related questions
Question
![E1-4
LO1-1
Honda Motor Corporation
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 ¥). A simplified version of its recent
balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Hint:
Exhibit 1.2 in the chapter provides a good model for completing this exercise.)
Cash and cash equivalents
¥2,106
Common stock
Accounts payable and other current liabilities
Inventories
Investments
Long-term debt
Net property, plant, and equipment
Other assets
Other liabilities
Retained earnings
Total assets
Total liabilities and stockholders' equity
Trade accounts, notes, and other receivables
Source: Honda Motor Corporation
231
5,429
1,364
597
4,022
3,200
8,606
1,938
7,338
18,958
?
3,085](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15b97afa-7c94-4ae3-b082-e59fd3b0d805%2F65dc8b96-9cfc-491a-95f1-edbda5151340%2Fggqae6_processed.png&w=3840&q=75)
Transcribed Image Text:E1-4
LO1-1
Honda Motor Corporation
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 ¥). A simplified version of its recent
balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Hint:
Exhibit 1.2 in the chapter provides a good model for completing this exercise.)
Cash and cash equivalents
¥2,106
Common stock
Accounts payable and other current liabilities
Inventories
Investments
Long-term debt
Net property, plant, and equipment
Other assets
Other liabilities
Retained earnings
Total assets
Total liabilities and stockholders' equity
Trade accounts, notes, and other receivables
Source: Honda Motor Corporation
231
5,429
1,364
597
4,022
3,200
8,606
1,938
7,338
18,958
?
3,085
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