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Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314 Exercise 3
Prepare a common size balance sheet, 2014 Solve the requirements of Problem 11.9 for the year ended August 3, 2014.
Reference Problem 11.9:
Prepare a common size balance sheet, 2013 Refer to the consolidated balance sheets of the Campbell Soup Company annual report in the appendix.
Required:
Prepare a common size balance sheet at July 28, 2013, using the following captions:
Total current assets
Plant assets, net of depreciation
Goodwill
Total other long-term assets
Total assets
Total current liabilities
Total long-term liabilities (including deferred taxes)Total equity
Total liabilities and equity
Reference Problem 11.9:
Prepare a common size balance sheet, 2013 Refer to the consolidated balance sheets of the Campbell Soup Company annual report in the appendix.
Required:
Prepare a common size balance sheet at July 28, 2013, using the following captions:
Total current assets
Plant assets, net of depreciation
Goodwill
Total other long-term assets
Total assets
Total current liabilities
Total long-term liabilities (including deferred taxes)Total equity
Total liabilities and equity
Explanation
Verified
Verified
In a common size balance sheet, each ass...
Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
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