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). Cash and cash equivalents 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 V 820 339 4,277 1,424 769 1,843 2,318 6,354 1,639 4,541 12,639 954 Prepare a balance sheet as of March 31, current year, solving for the missing amount. Note: Enter your answers in billions rather than in yen (for example, 5,000 billion should be entered as 5,000 rather than 5,000,000,000).

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). Cash and cash equivalents 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 V 820 339 4,277 1,424 769 1,843 2,318 6,354 1,639 4,541 12,639 954 Prepare a balance sheet as of March 31, current year, solving for the missing amount. Note: Enter your answers in billions rather than in yen (for example, 5,000 billion should be entered as 5,000 rather than 5,000,000,000).

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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