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P2.1A (LO 1 ), AP Suppose the following items are taken from the 2022 balance sheet of Yahoo! Inc. (All dollars are in millions.) Prepare
P2.1A (LO 1), AP Suppose the following items are taken from the 2022 balance sheet of Yahoo! Inc. (All dollars are in millions.)
Prepare a classified balance sheet.
Goodwill | $3,927 | |
Common stock | 6,283 | |
Equipment | 1,737 | |
Accounts payable | 152 | |
Patents | 234 | |
Stock investments (long-term) | 3,247 | |
Accounts receivable | 1,061 | |
Prepaid rent | 233 | |
Debt investments (short-term) | 1,160 | |
Retained earnings | 6,108 | |
Cash | 2,292 | |
Notes payable (long-term) | 734 | |
Unearned sales revenue | 413 | |
Accumulated depreciationequipment | 201 |
Instructions
Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2022.
Tot. current assets | $4,746 |
Tot. assets | $13,690 |
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