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please answer yes or no for the two tables. Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company,
please answer yes or no for the two tables.
Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for three recent years follow. (a) Compute the missing balance sheet amounts for each of the three years shown. Current Long-term Total Current Long-term Total Stockholders' ($ millions) Assets Assets Assets Liabilities Liabilities Liabilities Equity 2018 $13,709 $ $36,500 $ $19,408 $26,652 $9,848 2017 14,277 23,710 7,687 18,678 11,622 2016 21,180 32,906 6,219 16,344 22,563 b. Which of the following would be included amount 3M's current assets? Note: Next to each item, select yes or no to indicate whether the item is a current asset or not. Current Asset Item 1. Cash and cash equivalents 2. Property plant & equipment 3. Inventory 4. Accounts payable 5. Marketable securities 6. Goodwill Accrued expenses 8. Prepaid expenses C. Which of the following would be included among 3M's long-term assets? Note: Next to each item, select yes or no to indicate whether the item is a long-term asset or not. Item Long-term Asset 1. Property plant & equipment 2. Accounts payable 3. Intangible assets 4. Work in process 5. Goodwill 6. Accrued expenses 7. Prepaid expenses 8. Long-term notes payableStep by Step Solution
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