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Required information [The following information applies to the questions displayed below.] The following accounts are taken from the financial statements of Facebook Incorporated at June
Required information [The following information applies to the questions displayed below.] The following accounts are taken from the financial statements of Facebook Incorporated at June 30, 2019. (Amounts are in millions.) Accounts Payable Accounts Receivable Cash Common Stock 2 Equipment Income Tax Expense Interest Expense Notes Payable (long-term) Prepaid Rent Retained Earnings Service Revenue Short-Term Investments Software Current Assets Required: 1. Prepare a classified balance sheet at June 30, 2019. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Accounts Receivable NO W #3 Assets 80 F3 E D $ 4 a F4 R F do L FACEBOOK INCORPORATED Balance Sheet At June 30, 2019 (in millions) % 5 7.500 $ 13,000 7,500 13,900 43,800 37,270 2,200 200 O F5 15,200 1,850 45,000 16,900 34,700 21,780 T Current Liabilities Accounts Payable Deferred Revenue 6 F6 Y 17 11 Liabilities K F7 U * 8 + DII F8 $ K 13,000 7.500 F9 O T F10 P F11
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