Working capital, excluding inventories.. Inventories ... $16,342 8,388 10,054 37,595 14,918 2,394 Property, plant and equipment.. Identifiable intangible assets, excluding in-process research and development In-process research and development.. Other noncurrent assets... Long-term debt.... Benefit obligations Net tax accounts... Other noncurrent liabilities. (11,187) (3,211) (24,773) (1,908) ..... ..... $48,612 19,954 Total identifiable net assets Goodwill ... Net assets acquired... $68,566

Working capital, excluding inventories.. Inventories ... $16,342 8,388 10,054 37,595 14,918 2,394 Property, plant and equipment.. Identifiable intangible assets, excluding in-process research and development In-process research and development.. Other noncurrent assets... Long-term debt.... Benefit obligations Net tax accounts... Other noncurrent liabilities. (11,187) (3,211) (24,773) (1,908) ..... ..... $48,612 19,954 Total identifiable net assets Goodwill ... Net assets acquired... $68,566

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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What is book value (or net book value) of plant and equipment and on which financial statement is it reported? Book value is the difference between Accumulated Depreciation and market value, and it is reported on the income statement. Book value is the difference between historical cost and Accumulated Depreciation, and it is reported on the balance sheet. Book value is the difference between Depreciation Expense and Accumulated Depreciation, and it is reported on the balance sheet. Book value is the difference between historical cost and market value, and it is reported on the balance sheet.
Capital expenditure involves: Select one: O a. Exchange of current liabilities to acquisition of fixed assets O b. None of the options O c. Exchange of current assets to acquisition of fixed assets O d. Exchange of current loans to acquisition of fixed assets O e. Exchange of current debt to acquisition of fixed assets
Requirement Complete the following table by indicating: 1. The section of the income statement where the item should be included (e.g., operating, non-operating, discontinued operations), and 2. Whether the event is reported net of tax. The first event is completed as a guide. Event Loss on disposal of equipment Gain on sale of plant assets Impairment loss Loss on inventory write-off after government prohibition Operating income Unrealized loss on available-for-sale investments Gain on disposal of expropriated land Unrealized gain on trading securities Operating income of discontinued division Loss on inventory write-off due to obsolescence Income Statement Classification Non-operating Reported Net of Tax? No
Nn. 122.
Required: a. What is the ratio of real assets to total assets? (Hint: for this question, only include those listed under "Real assets") b. What is the ratio of real assets to total assets for nonfinancial firms in the following table? Assets Real assets Equipment and intellectual property Real estate Inventories Total real assets Financial assets Deposits and cash Marketable securities Required A $ Billion $ 8,345 14,423 2,724 $ 25,492 Required B $ 2,333 4,059 4,075 14,005 $ 24,472 $ 49,964 % Total 16.7% 28.9 5.5 51.0% 4.7% 8.1 8.2 28.0 49.0% 100.0% Liabilities and Net Worth Liabilities Debt securities Bank loans & mortgages Other loans Trade debt Other Total liabilities Complete this question by entering your answers in the tabs below. Net worth $ Billion Trade and consumer credit Other Total financial assets TOTAL Balance sheet of U.S. nonfinancial corporations Note: Column sums may differ from total because of rounding error. Source: Flow of Funds Accounts of the United States,…
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Capital expenditures incurred subsequent to purchase of property assets increase total assets. T/F
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