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Exercise 2-3 Suppose the following items were taken from the December 31, 2017, assets section of theBramble Corp.balance sheet. (All dollars are in millions.) Inventory
Exercise 2-3
Suppose the following items were taken from the December 31, 2017, assets section of theBramble Corp.balance sheet. (All dollars are in millions.)
Inventory | $16,570 | Patents | $11,190 |
Notes receivabledue after December 31, 2018 | 5,400 | Buildings | 21,980 |
Notes receivabledue before December 31, 2018 | 360 | Cash | 8,200 |
Accumulated depreciationbuildings | 13,310 | Accounts receivable | 5,620 |
Debt investments (short-term) | 1,620 |
Prepare the assets section of a classified balance sheet.(List the current assets in order of liquidity.)
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