Please use your own data to fill the chart thank you C Gener

Please use your own data to fill the chart, thank you!

C. Generate a hypothetical financial statement illustrating what that interim reporting entails. Ensure all information is entered accurately. Include balance sheet and income statement

Solution

CONSOLIDED BALANCE SHEET (in million, expect share data)

INCOME STSTEMENTS

(In millions, except per share amounts)(Unaudited)

Three months ended march 31 Nine months march 31

			March 31,2016	December 31,2015
ASSETS
Current assets:
Cash and cash equivalents			15,000	20,000
Inventories			45,000	40,000
Marketable securities			50,000	50,000
Accounts receivable,net and others			55,000	51,000
Total current assets			165,000	161,000
Goodwill			50,000	50,000
Property and equipment, net			30,000	100,000
Other assets			10,000	20,000
Total assets			315,000	331,000
LIABILITIES AND STOCKHOLDERS ENQUIRY
Current liabilities:
Accounts payable			5,000	6,000
Unearned revenue			50,000	40,000
Accured expenses and other			5,000	7,000
Total current liabilities			60,000	53,000
Long term debt			30,000	35,000
Commitments and contingencies(note 3)			1,000	6,260
Other long term liabilities			15,050	59,000
Stockholders equity:
Preferred stock, $0.01 per value:
Authourised shares-500
Issued & outstanding shares-none
Common stock,$0.01 per value:
Issued shares-495 and 494			4,950	4,940
Additional paid in capital
Treasury stock,at cost
Accumulated other comprehensive loss
Retained earnings			204,000	172,800
Total stockholders equity			208,950	177,740
Total liabilities and stockholders equity			315,000	331,000