The preparation of the balance sheet for Honda Motor Corporation as of March 31, current year is as follows, together with the total liabilities and equity as $11,571.
Honda Motor Corporation
As of March 31, Current Year
Current Assets:
Cash and cash equivalents $1,279
Trade accounts, notes, and other receivables 788
Inventories 900
Total current assets $2,967
Long-term assets:
Investments $640
Net property, plant, and equipment 1,939
Other assets 6,025 $8,604
Total assets $11,571
Current liabilities:
Accounts payable & other current liabilities $3,568
Long-term liabilities:
Other liabilities $1,377
Long-term debt 2,043 $3,420
Total liabilities $6,988
Common stock $259
Retained earnings 4,324 $4,583
Total liabilities and stockholders' equity $11,571
The balance sheet is a financial statement that shows the company's assets, liabilities, and equity at a stated date.
The balance sheet shows the financial position, unlike the income statement which shows the financial performance.
Honda Motor Corporation
As of March 31, Current Year
Cash and cash equivalents 1,279
Common stock 259
Accounts payable and other current liabilities 3,568
Inventories 900
Investments 640
Long-term debt 2,043
Net property, plant, and equipment 1,939
Other assets 6,025
Other liabilities 1,377
Retained earnings 4,324
Total assets 11,571
Total liabilities and stockholders' equity ?
Trade accounts, notes, and other receivables 788
Learn more about the balance sheet at https://brainly.com/question/22941895 and https://brainly.com/question/2707508
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