Question
Expedia reported total cash of approximately $1,430 million at September 30, 2013. Of this amount, $40 million was set aside to fulfill the requirement of
Expedia reported total cash of approximately $1,430 million at September 30, 2013. Of this amount, $40 million was set aside 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 $425 million was invested in money market funds and time deposits with original maturities of less than 90 days. The remaining $965 million was held in bank accounts. Expedia also reported $435 million in short-term investments (maturing in 90360 days), $46 million of unearned revenue, $710 million of accounts receivable, $195 million of prepaid insurance, and $3,690 of goodwill. Show the current assets section of Expedias balance sheet. TIP: Some items are not current assets. (Enter your answers in millions).
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