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Prepare a classified balance sheer (LO 1). AP P2-1A Suppose the following items are taken from the 2017 balance sheet of Yahoo! Inc. (All dollars
Prepare a classified balance sheer (LO 1). AP P2-1A Suppose the following items are taken from the 2017 balance sheet of Yahoo! Inc. (All dollars are in millions.) 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 depreciation-equipment 201 Tot current assets Tot assets $4,746 Instructions $13.690 Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2017
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