Instructions: 1] Please use the Balance Sheet to determine the difference 2] Usi
ID: 2730709 • 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) please fill the correct numbers in all columns 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) please fill the correct numbers in all columns 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
$ 193.00
Accounts and other receivables
$ 204.00
$ 175.00
$ 29.00
$ 29.00
Merchandise inventories
$ 1,902.00
$ 2,464.00
$ (562.00)
$ (562.00)
Prepaid expenses and other current assets
$ 81.00
$ 51.00
$ 30.00
$ 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)
$ (81.00)
Other, net
$ 1,872.00
$ 1,777.00
$ 95.00
$ 95.00
Total property and euqipment
$ 4,226.00
$ 4,212.00
$ 14.00
Goodwill, net
$ 347.00
$ 356.00
$ (9.00)
$ (9.00)
Other assets
$ 729.00
$ 491.00
$ 238.00
$ 238.00
Total assets
$ 7,899.00
$ 7,966.00
$ (67.00)
Liabilities
Current Liabilities
Short-term borrowings
$ 156.00
$ 134.00
$ 22.00
$ 22.00
Account payable
$ 1,415.00
$ 1,280.00
$ 135.00
$ 135.00
Accrued expenses and other current liabilities
$ 696.00
$ 680.00
$ 16.00
$ 16.00
Income taxes payable
$ 224.00
$ 231.00
$ (7.00)
$ (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
$ 371.00
Deferred income debt
$ 333.00
$ 219.00
$ 114.00
$ 114.00
Other liabilities
$ 229.00
$ 140.00
$ 89.00
$ 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)
$ (8.00)
Retained earnings
$ 4,478.00
$ 4,610.00
$ (132.00)
$ (132.00)
Foreign Currency translation adjustments
$ (100.00)
$ (122.00)
$ 22.00
$ 22.00
Treasury shares, at cost
$ (1,243.00)
$ (557.00)
$ (686.00)
$ (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)
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
$ 193.00
Accounts and other receivables
$ 204.00
$ 175.00
$ 29.00
$ 29.00
Merchandise inventories
$ 1,902.00
$ 2,464.00
$ (562.00)
$ (562.00)
Prepaid expenses and other current assets
$ 81.00
$ 51.00
$ 30.00
$ 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)
$ (81.00)
Other, net
$ 1,872.00
$ 1,777.00
$ 95.00
$ 95.00
Total property and euqipment
$ 4,226.00
$ 4,212.00
$ 14.00
Goodwill, net
$ 347.00
$ 356.00
$ (9.00)
$ (9.00)
Other assets
$ 729.00
$ 491.00
$ 238.00
$ 238.00
Total assets
$ 7,899.00
$ 7,966.00
$ (67.00)
Liabilities
Current Liabilities
Short-term borrowings
$ 156.00
$ 134.00
$ 22.00
$ 22.00
Account payable
$ 1,415.00
$ 1,280.00
$ 135.00
$ 135.00
Accrued expenses and other current liabilities
$ 696.00
$ 680.00
$ 16.00
$ 16.00
Income taxes payable
$ 224.00
$ 231.00
$ (7.00)
$ (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
$ 371.00
Deferred income debt
$ 333.00
$ 219.00
$ 114.00
$ 114.00
Other liabilities
$ 229.00
$ 140.00
$ 89.00
$ 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)
$ (8.00)
Retained earnings
$ 4,478.00
$ 4,610.00
$ (132.00)
$ (132.00)
Foreign Currency translation adjustments
$ (100.00)
$ (122.00)
$ 22.00
$ 22.00
Treasury shares, at cost
$ (1,243.00)
$ (557.00)
$ (686.00)
$ (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)