Instructions: 1] Please use the Balance Sheet to determine the difference 2] Usi
ID: 2730698 • Letter: I
Question
Instructions:1] Please use the Balance Sheet to determine the difference
2] Using the indirect method to transfer the difference with numbers to each activity (Do not use the other symbol, must number)
BALANCE SHEET For The Year Ended December 31, 2008 & 2009 2009 2008 Difference Operating Investing Financing Assets Current assets Cash and cash equivalents $ 410.00 $ 217.00 $ 193.00 Accounts and other receivables $ 204.00 $ 175.00 $ 29.00 Merchandise inventories $ 1,902.00 $ 2,464.00 $ (562.00) Prepaid expenses and other current assets $ 81.00 $ 51.00 $ 30.00 Total current assets $ 2,597.00 $ 2,907.00 $ (310.00) Non-current assets Property and equipment Real Estate, net $ 2,354.00 $ 2,435.00 $ (81.00) Other, net $ 1,872.00 $ 1,777.00 $ 95.00 Total property and euqipment $ 4,226.00 $ 4,212.00 $ 14.00 Goodwill, net $ 347.00 $ 356.00 $ (9.00) Other assets $ 729.00 $ 491.00 $ 238.00 Total assets $ 7,899.00 $ 7,966.00 $ (67.00) Liabilities Current Liabilities Short-term borrowings $ 156.00 $ 134.00 $ 22.00 Account payable $ 1,415.00 $ 1,280.00 $ 135.00 Accrued expenses and other current liabilities $ 696.00 $ 680.00 $ 16.00 Income taxes payable $ 224.00 $ 231.00 $ (7.00) Total current liabilities $ 2,491.00 $ 2,325.00 $ 166.00 Non-current liabilities Long-term debt $ 1,222.00 $ 851.00 $ 371.00 Deferred income debt $ 333.00 $ 219.00 $ 114.00 Other liabilities $ 229.00 $ 140.00 $ 89.00 Total non-current liabilities $ 1,784.00 $ 1,210.00 $ 574.00 Total liabilities $ 4,275.00 $ 3,535.00 $ 740.00 Stockholders' Equity Common stock $ 30.00 $ 30.00 $ - Additional paid-in capital $ 459.00 $ 467.00 $ (8.00) Retained earnings $ 4,478.00 $ 4,610.00 $ (132.00) Foreign Currency translation adjustments $ (100.00) $ (122.00) $ 22.00 Treasury shares, at cost $ (1,243.00) $ (557.00) $ (686.00) Total stockholders' equity $ 3,624.00 $ 4,428.00 $ (804.00) Total liabilities and stockholders' equity $ 7,899.00 $ 7,963.00 $ (64.00) Instructions:
1] Please use the Balance Sheet to determine the difference
2] Using the indirect method to transfer the difference with numbers to each activity (Do not use the other symbol, must number)
BALANCE SHEET For The Year Ended December 31, 2008 & 2009 2009 2008 Difference Operating Investing Financing Assets Current assets Cash and cash equivalents $ 410.00 $ 217.00 $ 193.00 Accounts and other receivables $ 204.00 $ 175.00 $ 29.00 Merchandise inventories $ 1,902.00 $ 2,464.00 $ (562.00) Prepaid expenses and other current assets $ 81.00 $ 51.00 $ 30.00 Total current assets $ 2,597.00 $ 2,907.00 $ (310.00) Non-current assets Property and equipment Real Estate, net $ 2,354.00 $ 2,435.00 $ (81.00) Other, net $ 1,872.00 $ 1,777.00 $ 95.00 Total property and euqipment $ 4,226.00 $ 4,212.00 $ 14.00 Goodwill, net $ 347.00 $ 356.00 $ (9.00) Other assets $ 729.00 $ 491.00 $ 238.00 Total assets $ 7,899.00 $ 7,966.00 $ (67.00) Liabilities Current Liabilities Short-term borrowings $ 156.00 $ 134.00 $ 22.00 Account payable $ 1,415.00 $ 1,280.00 $ 135.00 Accrued expenses and other current liabilities $ 696.00 $ 680.00 $ 16.00 Income taxes payable $ 224.00 $ 231.00 $ (7.00) Total current liabilities $ 2,491.00 $ 2,325.00 $ 166.00 Non-current liabilities Long-term debt $ 1,222.00 $ 851.00 $ 371.00 Deferred income debt $ 333.00 $ 219.00 $ 114.00 Other liabilities $ 229.00 $ 140.00 $ 89.00 Total non-current liabilities $ 1,784.00 $ 1,210.00 $ 574.00 Total liabilities $ 4,275.00 $ 3,535.00 $ 740.00 Stockholders' Equity Common stock $ 30.00 $ 30.00 $ - Additional paid-in capital $ 459.00 $ 467.00 $ (8.00) Retained earnings $ 4,478.00 $ 4,610.00 $ (132.00) Foreign Currency translation adjustments $ (100.00) $ (122.00) $ 22.00 Treasury shares, at cost $ (1,243.00) $ (557.00) $ (686.00) Total stockholders' equity $ 3,624.00 $ 4,428.00 $ (804.00) Total liabilities and stockholders' equity $ 7,899.00 $ 7,963.00 $ (64.00)
Explanation / Answer
BALANCE SHEET For The Year Ended December 31, 2008 & 2009 2009 2008 Difference Operating Investing Financing Assets Current assets Cash and cash equivalents $ 410.00 $ 217.00 $ 193.00 Accounts and other receivables $ 204.00 $ 175.00 $ 29.00 -29 Merchandise inventories $ 1,902.00 $ 2,464.00 $ (562.00) 562 Prepaid expenses and other current assets $ 81.00 $ 51.00 $ 30.00 -30 Total current assets $ 2,597.00 $ 2,907.00 $ (310.00) Non-current assets Property and equipment Real Estate, net $ 2,354.00 $ 2,435.00 $ (81.00) 81 Other, net $ 1,872.00 $ 1,777.00 $ 95.00 -95 Total property and euqipment $ 4,226.00 $ 4,212.00 $ 14.00 Goodwill, net $ 347.00 $ 356.00 $ (9.00) Other assets $ 729.00 $ 491.00 $ 238.00 -238 Total assets $ 7,899.00 $ 7,966.00 $ (67.00) Liabilities Current Liabilities Short-term borrowings $ 156.00 $ 134.00 $ 22.00 22 Account payable $ 1,415.00 $ 1,280.00 $ 135.00 135 Accrued expenses and other current liabilities $ 696.00 $ 680.00 $ 16.00 16 Income taxes payable $ 224.00 $ 231.00 $ (7.00) -7 Total current liabilities $ 2,491.00 $ 2,325.00 $ 166.00 Non-current liabilities Long-term debt $ 1,222.00 $ 851.00 $ 371.00 371 Deferred income debt $ 333.00 $ 219.00 $ 114.00 114 Other liabilities $ 229.00 $ 140.00 $ 89.00 89 Total non-current liabilities $ 1,784.00 $ 1,210.00 $ 574.00 Total liabilities $ 4,275.00 $ 3,535.00 $ 740.00 Stockholders' Equity Common stock $ 30.00 $ 30.00 $ - Additional paid-in capital $ 459.00 $ 467.00 $ (8.00) -8 Retained earnings $ 4,478.00 $ 4,610.00 $ (132.00) -132 Foreign Currency translation adjustments $ (100.00) $ (122.00) $ 22.00 Treasury shares, at cost $ (1,243.00) $ (557.00) $ (686.00) -686 Total stockholders' equity $ 3,624.00 $ 4,428.00 $ (804.00) Total liabilities and stockholders' equity $ 7,899.00 $ 7,963.00 $ (64.00)