ASSETS $ 69,043 $ 63,861 CURRENT ASSETS Cash and cash equivalents Accounts receivable (net of allowances: 2000 - $44,169; 1999 - $39, 749) Inventories Deferred income taxes Other current assets Total current assets 341,863 35,064 62,939 101,857 610,766 366, 754 28,650 53,611 102,032 614,908 INVESTMENT IN JOINT VENTURES 107,320 121, 940 PROPERTY, PLANT AND EQUIPMENT Land Buildings & Equipment Total - at cost Less accumulated depreciation Property, plant and equipment net 72,228 2,216,046 2,288, 274 1,081,114 1, 207,160 67,149 2,128,014 2,195,163 976, 767 1,218, 396 INTANGIBLE ASSETS 1,681,433 1,540,558 Total $3,606, 679 $3,495,802 $ $ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Commercial paper outstanding Accounts payable Accrued payroll and other related liabilities Unexpired subscriptions Current portion of long-term debt Total current liabilities 291, 251 178, 302 318,088 87,130 2,599 877,370 191,706 298,810 80,161 102,837 673,514 LONG-TERM DEBT 1,448, 146 1,373,630 Total liabilities 2,325,516 2,047,144 STOCKHOLDERS' EQUITY Common stock of $.10 par value Retained earnings Common stock held in treasury, at cost Accumulated other comprehensive income (loss), net of income tax: 16,738 1,467,103 (198,858) 17,882 1,600,743 (173,137) (3,820) 3,170 Total stockholders' equity 1,281,163 1,448,658 Total $ 3,606, 679 $ 3,495,802 4. Assume that sales of newspaper subscriptions during 2000 were $765,000. How much revenue did the NY Times recognize in 2000 related to newspapers? a. 758,031 b. 80,161 c. 765,000 d. 87,130 5. Assume that total revenues for the year 2000 were $3,490,000 (this includes the subscription revenue above, as well as revenue from other sources). Also, assume that the NY Times wrote-off $37,000 of accounts receivable as permanently uncollectible during 2000. How much did the NY Times recognize as bad debt expense? a. 39,749 b. 37,000 c. 41,420 d. 44,169