Piston Motor Company 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 ¥ 760 Common stock 369 Accounts payable and other current liabilities 4,267 Inventories 1,424 Investments 819 Long-term debt 2,013 Net property, plant, and equipment 2,268 Other assets 6,294 Other liabilities 1,689 Retained earnings 4,151 Total assets 12,489 Total liabilities and stockholders’ equity ? Trade accounts, notes, and other receivables 924 Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Enter your answers in billions.)
Piston Motor Company 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 ¥ 760 Common stock 369 Accounts payable and other current liabilities 4,267 Inventories 1,424 Investments 819 Long-term debt 2,013 Net property, plant, and equipment 2,268 Other assets 6,294 Other liabilities 1,689 Retained earnings 4,151 Total assets 12,489 Total liabilities and stockholders’ equity ? Trade accounts, notes, and other receivables 924 Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Enter your answers in billions.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Piston Motor Company 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
| Cash and cash equivalents | ¥ | 760 |
| Common stock | 369 | |
| Accounts payable and other current liabilities | 4,267 | |
| Inventories | 1,424 | |
| Investments | 819 | |
| Long-term debt | 2,013 | |
| Net property, plant, and equipment | 2,268 | |
| Other assets | 6,294 | |
| Other liabilities | 1,689 | |
| 4,151 | ||
| Total assets | 12,489 | |
| Total liabilities and |
? | |
| Trade accounts, notes, and other receivables | 924 | |
Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Enter your answers in billions.)
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