The Hershey Company is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. The Company has more than 80 brands worldwide including such iconic brand names as Hershey's, Reese's, Kisses, Jolly Rancher, and Ice Breakers, which are sold in approximately 85 countries worldwide. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in alphabetical order: Accounts payable Accounts receivable, net Accrued short-term liabilities. Additional paid-in capital Cash and cash equivalents Common stock (221,553,025 shares outstanding) Goodwill Inventories Long-term debt Current Assets: Required: 1. Prepare a classified consolidated balance sheet for The Hershey Company for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Total current assets THE HERSHEY COMPANY Consolidated Balance Sheet (In thousands) $ 550,828 Other assets (noncurrent) 568,509 Other intangibles, net 702,372 Other long-term liabilities. 1,142,210 Other payables Assets 493,262 Prepaid expenses and other current assets 221,553 Property, plant, and equipment, net 1,985,955 Retained earnings 815,251 Short-term debt 3,530,813 0 $ 543,033 1,341,166 855,795 19,921 240,080 2, 153, 139 381,231 735,672

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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Transcribed Image Text:The Hershey Company is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. The Company has more than 80 brands worldwide including such iconic brand names as Hershey's, Reese's, Kisses, Jolly Rancher, and Ice Breakers, which are sold in approximately 85 countries worldwide. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in alphabetical order: Accounts payable Accounts receivable, net Accrued short-term liabilities Additional paid-in capital Cash and cash equivalents Common stock (221,553,025 shares outstanding) Goodwill Inventories Long-term debt Current Assets: Required: 1. Prepare a classified consolidated balance sheet for The Hershey Company for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Total current assets THE HERSHEY COMPANY Consolidated Balance Sheet (In thousands) $ 550,828 Other assets (noncurrent) 568,509 Other intangibles, net 702,372 Other long-term liabilities 1,142,210 Other payables Assets 493,262 Prepaid expenses and other current assets 221,553 Property, plant, and equipment, net 1,985,955 Retained earnings 815,251 Short-term debt 3,530,813 0 $ 543,033 1,341,166 855,795 19,921 240, 080 2,153, 139 381,231 735,672