Please fill in the table. and i will give a thumbs up if correct. ...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Please fill in the table. and i will give a thumbs up if correct.
Required Information [The following Information applles to the questions displayed below.] Orange Incorporated, headquartered In Cupertino, Calfornla, designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessorles, and sells a varlety of related services. The following is Orange's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). Assume that the following transactions (In millions) occurred durlng the next fiscal year (ending on September 26, 2020): a. Borrowed $18,317 from banks due In two years. b. Purchased additional Investments for $25,700 cash; one-fifth were long term and the rest were short term. c. Purchased property, plant, and equipment; pald $9,623 in cash and signed a short-term note for $1,460. d. Issued additional shares of common stock for $1,520 in cash; total par value was $1 and the rest was In excess of par value. e. Sold short-term Investments costing $19,058 for $19,058 cash. f. Declared $11,177 In dividends to be pald at the beginning of the next fiscal year. Required: 4. Prepare a classlfied balance sheet for Orange at September 26, 2020, based on these transactions
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!