Answered: Heineken N.V., a global brewer based in…

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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Heineken N.V., a global brewer based in the Netherlands, reports the following balance sheet accounts for the
year ended December 31 (euros in millions). Prepare the balance sheet for this company as of December 31
following the usual IFRS format.
Current liabilities €10,397 Noncurrent liabilities . €14,351
Current assets . 8,137 Noncurrent assets . 31,184
Total equity . 14,573

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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