Examine Riversides assets. 1. What is Riversides largest category of assets? List all 2013 assets in the
Question:
1. What is Riversides largest category of assets? List all 2013 assets in the largest category and their amounts as reported by Riverside.
2. What was Riversides cost of property and equipment at May 31, 2013? What was the book value of property and equipment on this date? Why is book value less thancost?
Transcribed Image Text:
Riverside Corporation Consolidated Balance Sheets (Partial, Adapted) May 31, (In millions) Assets 2013 2012 2 Current assets 3 Cash and cash equivalents 4 Receivables, less allowances of $144 and $125 Spare parts, supplies, and fuel Prepaid expenses and other 2,088 S 257 2,770 2,623 4,653 4,509 423 7,812 467 9.978 7 Total current assets 8 Property and equipment, at cost 2,392 2,392 Aircraft Package handling and ground support equipment Computer and electronic equipment Vehicles Facilities and other 10 12,22912,132 28,159 26,102 452 581 12 13 14 15 16 17 Other long-term assets 18 19 Prepaid pension cost 1432 1,589 44,79342,66 (14,900) (12,944) 29,893 29,723 Total cost Less: Accumulated depreciation Net property and equipment Goodwill 722 722 1,340 1,271 Intangible and other assets 329 21 Total other long-term assets 2,391 2,326 2,326 22 Total assets $ 42,262 39,861
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Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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