As a j apanes e c ompany it follows j apanes e gaap

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Unformatted text preview: nc ome tax es ” is a c ommon s y nony m for “Inc ome tax ex pens e.” 4. awar d: 0.16 out of 0.16 points Honda Motor Corporation of J apan is a leading international manufac turer of automobiles , motorc y c les , all­ terrain v ehic les , and pers onal waterc raft. As a J apanes e c ompany , it follows J apanes e GAAP and reports its financ ial s tatements in billions of y en (the s ign for y en is ¥). Its rec ent balanc e s heet c ontained the following items (in billions ). Cas h and c as h equiv alents Contributed c apital Ac c ounts pay able and other c urrent liabilities Inv entories Inv es tments Long­term debt ¥ 690 259 4,237 1,244 639 1,933 Net property , plant, and equipment Other as s ets Other liabilities Retained earnings Total as s ets Total liabilities and s toc k holders ’ equity Trade ac c ounts , notes , and other rec eiv ables 2,148 6,244 1,519 3,871 11,819 ? 854 Prepare a balanc e s heet as of Marc h 31, 2009, s olv ing for the mis s ing amount. (Be sure to list the assets and liabilities in order of their liquidity. Enter your answers in billions. Om it the "¥" sign in your response.) HONDA MOTOR CORPORATION Balanc e Sheet as of Marc h 31, 2009 (in billions of Yen) Assets Cash and cash equivalents Trade accounts, notes, and other receivables Inventories Net property, plant and equipm ent Investm ents Other assets Total As s ets Liabilities Accounts payable and other current liabilities Long­term debt Other liabilities Total Liabilities Stockholders’ Equity Contributed capital Retained earnings Total Stoc k holders ’ Equity Total Liabilities and Stoc k h...
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