E5-6 (Algo) Preparing and Interpreting a Classified Balance Sheet with Discussion of Terminology (Challenging) LO5-3 The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in alphabetical order: Accounts payable Accounts receivable, net Accrued short-term liabilities Additional paid-in capital Cash and cash equivalents Common stock (221,545,025 shares outstanding) Goodwill Inventories Long-term debt $ 570,828 Other assets (noncurrent) 521,509 Other intangibles, net 742,372 Other long-term liabilities 1,108,210 Other payables 485,262 Prepaid expenses and other current assets 221,545 Property, plant, and equipment, net 2,023,855 Retained earnings 860,251 Short-term debt 3,542,813 $ 590,033 1,309,166 859,795 21,921 252,060 2,177,251 410,231 741,672 Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet At December 31, Current Year (In thousands) Assets Prev 6 of 11 --- Next
E5-6 (Algo) Preparing and Interpreting a Classified Balance Sheet with Discussion of Terminology (Challenging) LO5-3 The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in alphabetical order: Accounts payable Accounts receivable, net Accrued short-term liabilities Additional paid-in capital Cash and cash equivalents Common stock (221,545,025 shares outstanding) Goodwill Inventories Long-term debt $ 570,828 Other assets (noncurrent) 521,509 Other intangibles, net 742,372 Other long-term liabilities 1,108,210 Other payables 485,262 Prepaid expenses and other current assets 221,545 Property, plant, and equipment, net 2,023,855 Retained earnings 860,251 Short-term debt 3,542,813 $ 590,033 1,309,166 859,795 21,921 252,060 2,177,251 410,231 741,672 Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet At December 31, Current Year (In thousands) Assets Prev 6 of 11 --- Next
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:E5-6 (Algo) Preparing and Interpreting a Classified Balance Sheet with Discussion of Terminology
(Challenging) LO5-3
The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great-
tasting snacks. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in
alphabetical order:
Accounts payable
Accounts receivable, net
Accrued short-term liabilities
Additional paid-in capital
Cash and cash equivalents
Common stock (221,545,025 shares outstanding)
Goodwill
Inventories
Long-term debt
$ 570,828 Other assets (noncurrent)
521,509 Other intangibles, net
742,372 Other long-term liabilities
1,108,210 Other payables
485,262 Prepaid expenses and other current assets
221,545 Property, plant, and equipment, net
2,023,855 Retained earnings
860,251 Short-term debt
3,542,813
$ 590,033
1,309,166
859,795
21,921
252,060
2,177,251
410,231
741,672
Required:
1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31).
Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10).
Current Assets:
THE WONKA CHOCOLATES
Consolidated Balance Sheet
At December 31, Current Year
(In thousands)
Assets
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