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  • The Following Information Is Based On The Balance Sheet of

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    Amit Pandey
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    The document provides balance sheet information for Aracel, a Brazilian paper pulp manufacturer, for Year 6 reported in thousands of U.S. dollars under U.S. GAAP. It lists asset, liability and equity values such as inventories of $202,704, property, plant and equipment of $2,151,212, and retained earnings of $1,293,301. It asks to prepare balance sheets for Aracel for Year 6 under U.S. GAAP and IFRS.

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    The Following Information is Based on the Balance Sheet Of

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    The document provides balance sheet information for Aracel, a Brazilian paper pulp manufacturer, for Year 6 reported in thousands of U.S. dollars under U.S. GAAP. It lists asset, liability and equity values such as inventories of $202,704, property, plant and equipment of $2,151,212, and retained earnings of $1,293,301. It asks to prepare balance sheets for Aracel for Year 6 under U.S. GAAP and IFRS.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views1 page

    The Following Information Is Based On The Balance Sheet of

    Uploaded by

    Amit Pandey
    The document provides balance sheet information for Aracel, a Brazilian paper pulp manufacturer, for Year 6 reported in thousands of U.S. dollars under U.S. GAAP. It lists asset, liability and equity values such as inventories of $202,704, property, plant and equipment of $2,151,212, and retained earnings of $1,293,301. It asks to prepare balance sheets for Aracel for Year 6 under U.S. GAAP and IFRS.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    The following information is based on the balance sheet of

    The following information is based on the balance sheet of Aracel, a Brazilian manufacturer of
    paper pulp, for Year 6. Aracel applies U.S. GAAP and reports its results in thousands of U.S.
    dollars. (Adapted from the financial statements of Aracruz Celulose.)Inventories . . . . . . . . . . . . .
    . . . . . . . . . . . . . . . . . . . . $ 202,704Other Current Assets . . . . . . . . . . . . . . . . . . . . . . . .
    132,782Other Long-Term Liabilities. . . . . . . . . . . . . . . . . . . 350,761Property, Plant, and
    Equipment, net . . . . . . . . . . . . 2,151,212Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . .
    1,293,301Cash and Short-Term Investments. . . . . . . . . . . . . . 579,643Goodwill . . . . . . . . . . . . .
    . . . . . . . . . . . . . . . . . . . . . 192,035Common Stock (no par). . . . . . . . . . . . . . . . . . . . . .
    295,501Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 614,496Other Noncurrent Assets .
    . . . . . . . . . . . . . . . . . . . . 451,757Current Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . .
    286,819Long-Term Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,155,050Accounts Receivable . . .
    . . . . . . . . . . . . . . . . . . . . . . 285,795a. Prepare a balance sheet for Aracel for Year 6 assuming
    the firm follows U.S. GAAP.b. Prepare a balance sheet for Aracel for Year 6 assuming the firm
    follows IFRS.View Solution:
    The following information is based on the balance sheet of
    SOLUTION-- http://solutiondone.online/downloads/the-following-information-is-based-on-the-
    balance-sheet-of/

    Unlock answers here solutiondone.online


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