provide a written response which highlights 4 specific elements in BN balance sheet that might need to be adjusted to arrive at an economic book value nearer to economic value explain the type of adjustment and the type of information that might be required before an adjustment.

Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net of allowances of S7and ($12) Raw materials Work in process Finished goods Prepaid expenses and other cument assets Total cument assets Property, plant and equipment at cost Accumulated depreciation Property, plant and equipment, net Goodwill, net intangibles, net Deferred income taxes Capitalized software licenses, net Owerfunded retirement plans Other assets Total assets Liabilities and stockholders' equity Current liabilities: Current portion of long-term debt Accounts payable Income taxes payable Accrued expenses and other liabilities Total cument liabilities Long-term debt Underfunded retirement plans Deferred income taxes Deferred credits and other liabilities Total liabilities Stockholders' equity Preferred stock,$25 par value. Authorized -10,000,000 shares Participating cumulative preferred. None issued. Common stock, $1 par value Authorized-2400,000,000 shares Shares issued -1,740, B15,939 Retained eamings Treasury common stock at cost Shares 2015-729,547, 527, 2014-694,189, 127 Accumulated other comprehensive income (oss.net of taxes (ADC) Total stockholders' equity Total liabilities and stockholders equity 1,000 S 1,199 2,218 2,342 1,165 1,246 109 101 1,691 1,784 1,000 7,074 7,421 5465 6,266 (2869) 13,426) 2,596 2,840 4362 4,362 1,583 1,902 180 127 16,230 S17,372 1,000 S 1,001 651 71 410 498 2,555 2,658 3,120 3,630 196 225 405 6,284 6,982 741 1,741 1,629 1,368 31,176 29,653 121,840) 9,946 10,390 16,230 S17,372