Question
E8-1 Preparing a Classified Balance Sheet LO8-1 The following is a list of account titles and amounts (dollars in millions) from a recent annual report
E8-1 Preparing a Classified Balance Sheet LO8-1 The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families: Buildings and improvements $ 205 Goodwill $ 481 Prepaid expenses and other current assets 171 Machinery, equipment, and software 411 Allowance for doubtful accounts 42 Accumulated depreciation 411 Other noncurrent assets 200 Inventories 290 Accumulated amortization (other intangibles) 814 Other intangibles 1,376 Cash and cash equivalents 622 Land and improvements 16 Accounts receivable 635 Required: Prepare the asset section of the balance sheet for Hasbro, Inc., classifying the assets into Current Assets, Property, Plant, and Equipment (net), and Other Assets. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign.)
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