100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
E1-4 L01-1 Preparing a Balance Sheet Honda Motor Corporation of Japan is a $2.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Financial Accounting
  4.  
  5. Financial Accounting

Other

E1-4 L01-1 Preparing a Balance Sheet Honda Motor Corporation of Japan is a

 0 purchase
  • Course
  • Financial Accounting
  • Institution
  • Financial Accounting
  • Book
  • Financial Accounting

Answer to: E1-4 L01-1 Preparing a Balance Sheet Honda Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of y...

[Show more]

Preview 1 out of 2  pages

Document information

  • January 9, 2024
  • 2
  • 2023/2024
  • Other
  • Unknown

Subjects

  • e1 4 l01 1
  • financial accounting
  • e1 4 l01 1 libby
  • e1 4 l01 1 answer
  • financial accounting 10th edition libby
  • e1 4 l01 1 preparing a balance sheet honda motor c
  • preparing a balance sheet honda motor co

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • Class Notes BUS6a Financial Accounting Chapter 3, ISBN: 9781259964947
  • Class Notes BUS6a Financial Accounting Chapter 2, ISBN: 9781259964947
All for this textbook (2)

Written for

  • Financial Accounting
All documents for this subject (770)

Seller

avatar-seller
itstutiontime

Content preview

Question:
E1-4 L01-1 Preparing a Balance Sheet Honda Motor Corporation of Japan is a leading international
manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese
company, it follows Japanese GAAP and reports its financial statements in billions of yen. Its recent
balance sheet contained the following items in billions). Prepare a balance sheet as of March 31, current
year, solving for the missing amount. (Hint: Exhibit 1.2 in the chapter provides a good model for
completing this exercise.) Cash and cash equivalents ¥1,279 259 Common stock Accounts payable and
other current liabilities 3,568 900 Inventories Investments 640 2.043 Long-term debt Net property, plant,
and equipment 1.939 Other assets 6,025 1,377 Other liabilities Retained earnings 4.324 Total assets
11,571 Total liabilities and stockholders' equity Trade accounts, notes, and other receivables 788

Answer:

To prepare a balance sheet for Honda Motor Corporation of Japan, we need to organize the given
information into the following categories:

Assets:
 Cash and cash equivalents
 Accounts receivable
 Inventories
 Investments
 Property, plant, and equipment
 Other assets

Liabilities:
 Accounts payable
 Other current liabilities
 Long-term debt
 Other liabilities

Equity:
 Common stock
 Retained earnings

Total assets must equal the sum of total liabilities and equity

Honda Motor Corporation of Japan Balance Sheet As of March 31, current year (In billions of yen)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller itstutiontime. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$2.99
  • (0)
Add to cart
Added