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> Answer is not complete. CARLTON SOUP COMPANY Consolidated Balance Sheet (in millions) Assets Current Assets: Cash and cash equivalents Accounts receivable Inventories Other current assets $ 319 595 996 80 Total current assets 1,990 Other noncurrent liabilities × Property, plant, and equipment, net 2,322 Intangible assets 3,363 Other assets 142 Intangible assets ☑ 5,827 × Total assets $ 13,644 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Other current debt Total current liabilities Other noncurrent liabilities Total liabilities Stockholders' Equity Common stock Retained earnings $ 665 115 x 1,115 > > 1,895 3,824 5,719 $ 392 986 X Total stockholders' equity 1,378 Total liabilities and stockholders' equity $ 7,097 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, $0.0375 par value Intangible assets Inventories $ 665 Other assets $ 142 595 Other current assets 80 615 Other current debt 1,115 3,824 392 Property, plant, and equipment, net 2,322 3,063 Retained earnings 906 996 319 Other noncurrent liabilities

> Answer is not complete. CARLTON SOUP COMPANY Consolidated Balance Sheet (in millions) Assets Current Assets: Cash and cash equivalents Accounts receivable Inventories Other current assets $ 319 595 996 80 Total current assets 1,990 Other noncurrent liabilities × Property, plant, and equipment, net 2,322 Intangible assets 3,363 Other assets 142 Intangible assets ☑ 5,827 × Total assets $ 13,644 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Other current debt Total current liabilities Other noncurrent liabilities Total liabilities Stockholders' Equity Common stock Retained earnings $ 665 115 x 1,115 > > 1,895 3,824 5,719 $ 392 986 X Total stockholders' equity 1,378 Total liabilities and stockholders' equity $ 7,097 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, $0.0375 par value Intangible assets Inventories $ 665 Other assets $ 142 595 Other current assets 80 615 Other current debt 1,115 3,824 392 Property, plant, and equipment, net 2,322 3,063 Retained earnings 906 996 319 Other noncurrent liabilities

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 10MCQ
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> Answer is not complete. CARLTON SOUP COMPANY Consolidated Balance Sheet (in millions) Assets Current Assets: Cash and cash equivalents Accounts receivable Inventories Other current assets $ 319 595 996 80 Total current assets 1,990 Other noncurrent liabilities × Property, plant, and equipment, net 2,322 Intangible assets 3,363 Other assets 142 Intangible assets ☑ 5,827 × Total assets $ 13,644 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Other current debt Total current liabilities Other noncurrent liabilities Total liabilities Stockholders' Equity Common stock Retained earnings $ 665 115 x 1,115 > > 1,895 3,824 5,719 $ 392 986 X Total stockholders' equity 1,378 Total liabilities and stockholders' equity $ 7,097
Transcribed Image Text:> Answer is not complete. CARLTON SOUP COMPANY Consolidated Balance Sheet (in millions) Assets Current Assets: Cash and cash equivalents Accounts receivable Inventories Other current assets $ 319 595 996 80 Total current assets 1,990 Other noncurrent liabilities × Property, plant, and equipment, net 2,322 Intangible assets 3,363 Other assets 142 Intangible assets ☑ 5,827 × Total assets $ 13,644 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses Other current debt Total current liabilities Other noncurrent liabilities Total liabilities Stockholders' Equity Common stock Retained earnings $ 665 115 x 1,115 > > 1,895 3,824 5,719 $ 392 986 X Total stockholders' equity 1,378 Total liabilities and stockholders' equity $ 7,097
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, $0.0375 par value Intangible assets Inventories $ 665 Other assets $ 142 595 Other current assets 80 615 Other current debt 1,115 3,824 392 Property, plant, and equipment, net 2,322 3,063 Retained earnings 906 996 319 Other noncurrent liabilities
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, $0.0375 par value Intangible assets Inventories $ 665 Other assets $ 142 595 Other current assets 80 615 Other current debt 1,115 3,824 392 Property, plant, and equipment, net 2,322 3,063 Retained earnings 906 996 319 Other noncurrent liabilities
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