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Chapter 5 Assessment Saved Help Save & Exit Submit 2 Check my work 5 Travel Now Inc., reported total cash of $1,580 million at September
Chapter 5 Assessment Saved Help Save & Exit Submit 2 Check my work 5 Travel Now Inc., reported total cash of $1,580 million at September 30, 2016. Of this amount, $20 million was set aside and could be used only to fulfill the requirement of an aviation authority of a certain foreign country to protect against the potential nondelivery of travel services in that country in the short term. Another $500 million was invested in money market funds and time deposits with original maturities of less than 90 days. The remaining $1,060 million was held in bank accounts. Travel Now also reported $510 million in short-term investments (maturing in 90-360 days), $61 million of deferred revenue, $785 million of accounts receivable, $270O million of prepaid insurance, and $3,840 of goodwill. Show the current assets section of Travel Now's balance sheet. eBook TIP: Some items are not current assets. (Enter your answers in millions.) TRAVEL NOW INC. Balance Sheet (Partial) (in millions) Mc Graw Hill Education Prev 5of 6 Next >
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