Deck 3: Balance Sheet

Answer 1

a. $294,116,000
b. $27,411,564
c. These shares have been issued, bought back and not retired

Answer 2

a. $4,745,498,000
b. $485,860,000
c. Intangibles are recorded at historical cost and amortized over their useful lives or their legal lives, whichever is shorter. Goodwill is a type of intangible. It is not classified with intangibles, net. Goodwill is the difference between the purchase price of an acquired company and the fair value of the reported identifiable net assets. A company must review its goodwill for impairment at least annually.

Answer 3

a. $15,612,000,000
b. Inventoried costs include amounts relating to programs and contracts with long-term production cycles, a portion of which is not expected to be realized within one year. This gives the liquidity appearance on the high side.