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The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. 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 (221,593,025 shares outstanding) Goodwill Inventories Long-term debt Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet (In thousands) $ 550,828 other assets (noncurrent) 539,509 other intangibles, net 736,372 Other long-term liabilities. 1,181,210 Other payables 454,262 Prepaid expenses and other current assets 221,593 Property, plant, and equipment, net. 1,972,855 Retained earnings 797,251 Short-term debt 3,519,813 Assets $573,033 1,316,166 832,795 21,921 261,060 2,191,299 349,231 691,672

The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. 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 (221,593,025 shares outstanding) Goodwill Inventories Long-term debt Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet (In thousands) $ 550,828 other assets (noncurrent) 539,509 other intangibles, net 736,372 Other long-term liabilities. 1,181,210 Other payables 454,262 Prepaid expenses and other current assets 221,593 Property, plant, and equipment, net. 1,972,855 Retained earnings 797,251 Short-term debt 3,519,813 Assets $573,033 1,316,166 832,795 21,921 261,060 2,191,299 349,231 691,672

FINANCIAL ACCOUNTING
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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The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. 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 (221,593,025 shares outstanding) Goodwill Inventories Long-term debt Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet Total current assote (In thousands) $ 550,828 Other assets (noncurrent) 539,509 Other intangibles, net 736,372 Other long-term liabilities 1,181,210 Other payables 454,262 Prepaid expenses and other current assets 221,593 Property, plant, and equipment, net. 1,972,855 Retained earnings 797,251 Short-term debt. 3,519,813 Assets $ 573,033 1,316,166 832,795 21,921 261,060 2,191,299 349,231 691,672
Transcribed Image Text:The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. 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 (221,593,025 shares outstanding) Goodwill Inventories Long-term debt Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet Total current assote (In thousands) $ 550,828 Other assets (noncurrent) 539,509 Other intangibles, net 736,372 Other long-term liabilities 1,181,210 Other payables 454,262 Prepaid expenses and other current assets 221,593 Property, plant, and equipment, net. 1,972,855 Retained earnings 797,251 Short-term debt. 3,519,813 Assets $ 573,033 1,316,166 832,795 21,921 261,060 2,191,299 349,231 691,672
2 Book Print rences Total assets. Current liabilities: Liabilities and Stockholders' Equity Total current liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ $ 0 0 0 0 0
Transcribed Image Text:2 Book Print rences Total assets. Current liabilities: Liabilities and Stockholders' Equity Total current liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity $ $ 0 0 0 0 0
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