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I received only partial marks on this one. Please help me to correct them. 35 E9-1 Preparing a Classified Balance Sheet (LO1, LO7] 1.52 points
I received only partial marks on this one. Please help me to correct them.
35 E9-1 Preparing a Classified Balance Sheet (LO1, LO7] 1.52 points Assume the following is a list of account titles and amounts (in millions) reported at December 31, 2014, by Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families: $525 eBook 463 Buildings and Improvements $205 Goodwill Prepaids and Other Current Machinery and 181 Assets Equipment Allowance for Doubtful Accumulated 22 Accounts Depreciation Other Noncurrent Assets 210 Inventories Cash and Cash Equivalents 680 Other Intangibles Accounts Receivable 694 Land and Improvements 353 References 351 618 8 Required: 1. Prepare the asset section of a classified balance sheet for Hasbro, Inc., assuming Hasbro follows ASPE. (Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.) HASBRO, INC. Excerpts from Balance Sheet December 31, 2014 (in millions) Assets Current assets Cash and cash equivalents Accounts receivable $ Allowance for doubtful accounts Inventories Prepaids and other current assets $ 680 694 (22) 672 351 181 1,884 Total current assets Property, plant, and equipment Machinery and equipment Buildings and improvements Land and improvements 463 205 8 676 (353) 323 Total Property, plant, and equipment (at cost) Accumulated depreciation Total property, plant, and equipment (net) Other assets Goodwill Other intangibles Other noncurrent assets 525 618 210 Total other assets Total assets 1,353 3,560 $Step by Step Solution
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