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Prepare a classified balance sheet for Facebook, Inc. as of December 31, 2023. Item Amount ($) Cash 600,000 Accounts Receivable 300,000 Inventory 150,000 Property, Plant,
Prepare a classified balance sheet for Facebook, Inc. as of December 31, 2023.
Item | Amount ($) |
Cash | 600,000 |
Accounts Receivable | 300,000 |
Inventory | 150,000 |
Property, Plant, and Equipment | 1,500,000 |
Intangible Assets | 400,000 |
Accounts Payable | 250,000 |
Short-term Debt | 200,000 |
Long-term Debt | 800,000 |
Common Stock | 700,000 |
Retained Earnings | 1,000,000 |
Question:
Using the given data, prepare the classified balance sheet for Facebook, Inc. as of December 31, 2023. Ensure that the total assets equal the total liabilities and equity.
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