Question
ABC, Inc., reported total cash of $1,578 million at September 30, 2021. Of this amount, $333 million was set aside and could be used only
ABC, Inc., reported total cash of $1,578 million at September 30, 2021. Of this amount, $333 million was set aside and could be used only for specific short-term purposes; $850 million was invested in money market funds and time deposits with original maturities of less than 90 days; and the remaining $395 million was held in bank accounts. ABC also reported $289 million in short-term investments (maturing in 180 days), $170 million of deferred revenue, $425 million of accounts receivable, and $75 million of prepaid insurance.
Required:
Prepare the current assets section of ABCs balance sheet. (do not abbreviate)
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