Problem 2 1A Suppose the following items are taken from the 2017 balance sheet ofYahoo 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 depreciationequipment 201 Prepare a classified balance sheet for Yahoo Inc as of December 31, 2017 (List current assets in order of liquidity ) Yahoo Inc Balance Sheet December 31, 2017For the Month Ended December 31, 2017For the Year Ended December 31, 2017 (Amounts are in millions) Assets Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity LessAdd Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity $ Liabilities and Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity $ Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity Current AssetsCurrent LiabilitiesIntangible AssetsLong Term InvestmentsLong Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity $ Question Attempts 0 of 3 used SAVE FOR LATER SUBMIT ANSWER Copyright 2000 2017 by John Wiley Sons, Inc or related companies All rights reserved

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Problem 2-1A Suppose the following items are taken from the 2017 balance sheet ofYahoo! Inc.(All dollars are in millions.) Goodwill $3,927 Common stock 6,283 Equipment

Problem 2-1A Suppose the following items are taken from the 2017 balance sheet ofYahoo! 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 depreciationequipment	201

Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2017.(List current assets in order of liquidity.)

Yahoo! Inc. Balance Sheet December 31, 2017For the Month Ended December 31, 2017For the Year Ended December 31, 2017 (Amounts are in millions)
Assets
Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity
	$



Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity		$
Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity

LessAdd:
Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity



Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity			$
Liabilities and Stockholders' Equity
Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity
	$

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity		$
Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity

Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity
Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity


Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity
Current AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsLong-Term LiabilitiesProperty, Plant, and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Stockholders' Equity			$