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E5-6 (Algo) Preparing and Interpreting a Classified Balance Sheet with Discussion of Terminology (Challenging) LO5-3 The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in alphabetical order: Accounts payable Accounts receivable, net Accrued short-term liabilities Additional paid-in capital Cash and cash equivalents Common stock (221,545,025 shares outstanding) Goodwill Inventories Long-term debt $ 570,828 Other assets (noncurrent) 521,509 Other intangibles, net 742,372 Other long-term liabilities 1,108,210 Other payables 485,262 Prepaid expenses and other current assets 221,545 Property, plant, and equipment, net 2,023,855 Retained earnings 860,251 Short-term debt 3,542,813 $ 590,033 1,309,166 859,795 21,921 252,060 2,177,251 410,231 741,672 Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet At December 31, Current Year (In thousands) Assets Prev 6 of 11 --- Next

E5-6 (Algo) Preparing and Interpreting a Classified Balance Sheet with Discussion of Terminology (Challenging) LO5-3 The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in alphabetical order: Accounts payable Accounts receivable, net Accrued short-term liabilities Additional paid-in capital Cash and cash equivalents Common stock (221,545,025 shares outstanding) Goodwill Inventories Long-term debt $ 570,828 Other assets (noncurrent) 521,509 Other intangibles, net 742,372 Other long-term liabilities 1,108,210 Other payables 485,262 Prepaid expenses and other current assets 221,545 Property, plant, and equipment, net 2,023,855 Retained earnings 860,251 Short-term debt 3,542,813 $ 590,033 1,309,166 859,795 21,921 252,060 2,177,251 410,231 741,672 Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet At December 31, Current Year (In thousands) Assets Prev 6 of 11 --- Next

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 84.1C
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E5-6 (Algo) Preparing and Interpreting a Classified Balance Sheet with Discussion of Terminology (Challenging) LO5-3 The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in alphabetical order: Accounts payable Accounts receivable, net Accrued short-term liabilities Additional paid-in capital Cash and cash equivalents Common stock (221,545,025 shares outstanding) Goodwill Inventories Long-term debt $ 570,828 Other assets (noncurrent) 521,509 Other intangibles, net 742,372 Other long-term liabilities 1,108,210 Other payables 485,262 Prepaid expenses and other current assets 221,545 Property, plant, and equipment, net 2,023,855 Retained earnings 860,251 Short-term debt 3,542,813 $ 590,033 1,309,166 859,795 21,921 252,060 2,177,251 410,231 741,672 Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet At December 31, Current Year (In thousands) Assets Prev 6 of 11 --- Next
Transcribed Image Text:E5-6 (Algo) Preparing and Interpreting a Classified Balance Sheet with Discussion of Terminology (Challenging) LO5-3 The Wonka Chocolates is a global confectionery leader known for its branded portfolio of chocolate, sweets, mints, and other great- tasting snacks. Presented here are the items listed on a simplified version of its recent balance sheet (dollars in thousands) in alphabetical order: Accounts payable Accounts receivable, net Accrued short-term liabilities Additional paid-in capital Cash and cash equivalents Common stock (221,545,025 shares outstanding) Goodwill Inventories Long-term debt $ 570,828 Other assets (noncurrent) 521,509 Other intangibles, net 742,372 Other long-term liabilities 1,108,210 Other payables 485,262 Prepaid expenses and other current assets 221,545 Property, plant, and equipment, net 2,023,855 Retained earnings 860,251 Short-term debt 3,542,813 $ 590,033 1,309,166 859,795 21,921 252,060 2,177,251 410,231 741,672 Required: 1. Prepare a classified consolidated balance sheet for The Wonka Chocolates for the current year (ended December 31). Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Current Assets: THE WONKA CHOCOLATES Consolidated Balance Sheet At December 31, Current Year (In thousands) Assets Prev 6 of 11 --- Next
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