Balance sheet and other accounts for GPA are listed below in alphabetical order.Use these accounts to construct GPA's balance sheet for 2013.All balance sheet accounts are shown,but some accounts will not be used.All amounts are in millions of dollars.
Accounts payable $1900
Accounts receivable $661
Cash $1,000
Common stock $2,000
EBIT $1,968
Interest expense $8.00
Inventories $1,620
Long-term debt $890
Net plant & equipment $2,563
Other current assets $645
Other long-term assets $576
Retained earnings $2,080
Short-term debt $195
Taxes $778
Correct Answer:
Verified
Q61: Which of the following does NOT represent
Q64: Total equity on the balance sheet increases
Q66: The ratio of _ to _ is
Q69: Under current accounting rules, plant and equipment
Q72: When a corporation sells common stock to
Q74: Which of the following represents a source
Q74: An advantage of balance sheet numbers is
Q75: Beginning cash balance + cash flow from
Q77: Gross plant and equipment minus accumulated depreciation
Q80: A firm's balance sheet provides a representation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents