Dreamworks Animation SKG Inc. shows film costs as an asset on its balance sheet. In the notes
Question:
Dreamworks Animation SKG Inc. shows "film costs" as an asset on its balance sheet. In the notes to its financial statements, the following disclosure was made:
a. Interpret the film cost asset categories.b. How are these classifications similar or dissimilar to the inventory classifications used in a manufacturingfirm?
Transcribed Image Text:
December 31, Film Costs (in thousands) In release: Animated feature films(1) Television special In production: Animated feature films 2007 2008 $263,514 $326,861 3,124 4,210 251,066 239,450 Television special In development Total film costs 7,207 49,985 34,743 $541,917 $638,243
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a The asset categories reflect the life cycle of a film The initial in development costs are associa...View the full answer
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