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Suppose the following items are taken from the 2014 balance sheet of Yahoo! Inc. (All dollars are in millions.) Goodwill $3,980 Common stock 6,313 Equipment
Suppose the following items are taken from the 2014 balance sheet of Yahoo! Inc. (All dollars are in millions.)
| Goodwill | $3,980 | |
| Common stock | 6,313 | |
| Equipment | 1,802 | |
| Accounts payable | 133 | |
| Patents | 242 | |
| Stock investments (long-term) | 3,002 | |
| Accounts receivable | 1,132 | |
| Prepaid rent | 222 | |
| Debt investments (short-term) | 1,220 | |
| Retained earnings | 5,803 | |
| Cash | 2,009 | |
| Notes payable (long-term) | 713 | |
| Unearned sales revenue | 406 | |
| Accumulated depreciationequipment | 241 |
Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2014. (List current assets in order of liquidity.)
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