The Balance Sheet of the XYZ Corporation XYZ CORPORATION Balance Sheet 20X2 and 20X1 (in $ millions) Liabilities (Debt) and Stockholder's Equity Current Liabilities $107 Accounts payable 270 Notes payable 280 Accrued expenses Assets 20X2 20X1 20X2 20X1 Current assets Cash and equivalents Accounts receivable Inventories $140 294 $213 50 $197 53 269 223 205 Other Total current assets 58 $761 50 $707 Total current liabilities Long-term liabilities $1274 Deferred taxes $486 $455 Fixed assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Intangible assets and other Total fixed assets $1423 $117 $104 -550 -460 Long-term debt 471 458 $873 $814 Total long-tem liabilities $588 $562 221 Stockholder's equity $1,035 Preferred stock 245 $1,118 $39 55 $39 32 Common stock ($1 per value) Capital surplus Accumulated retained carnings Less treasury stock Total equity 347 327 347 390 -26 -20 $805 $725 Total assets $1,879 $1,742 Total liabilities and $1,879 $1,742 stockholder's equity
The Balance Sheet of the XYZ Corporation XYZ CORPORATION Balance Sheet 20X2 and 20X1 (in $ millions) Liabilities (Debt) and Stockholder's Equity Current Liabilities $107 Accounts payable 270 Notes payable 280 Accrued expenses Assets 20X2 20X1 20X2 20X1 Current assets Cash and equivalents Accounts receivable Inventories $140 294 $213 50 $197 53 269 223 205 Other Total current assets 58 $761 50 $707 Total current liabilities Long-term liabilities $1274 Deferred taxes $486 $455 Fixed assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Intangible assets and other Total fixed assets $1423 $117 $104 -550 -460 Long-term debt 471 458 $873 $814 Total long-tem liabilities $588 $562 221 Stockholder's equity $1,035 Preferred stock 245 $1,118 $39 55 $39 32 Common stock ($1 per value) Capital surplus Accumulated retained carnings Less treasury stock Total equity 347 327 347 390 -26 -20 $805 $725 Total assets $1,879 $1,742 Total liabilities and $1,879 $1,742 stockholder's equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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