Question
Suppose the following items are taken from the 2017 balance sheet of Yahoo! Inc. (All dollars are in millions.) Goodwill $4,020 Common stock 6,490 Equipment
Suppose the following items are taken from the 2017 balance sheet of Yahoo! Inc. (All dollars are in millions.)
| Goodwill | $4,020 | |
| Common stock | 6,490 | |
| Equipment | 1,880 | |
| Accounts payable | 140 | |
| Patents | 230 | |
| Stock investments (long-term) | 3,220 | |
| Accounts receivable | 1,160 | |
| Prepaid rent | 220 | |
| Debt investments (short-term) | 1,300 | |
| Retained earnings | 6,410 | |
| Cash | 2,290 | |
| Notes payable (long-term) | 730 | |
| Unearned sales revenue | 380 | |
| Accumulated depreciationequipment | 170 |
Prepare a classified balance sheet for Yahool Inc. as of December 31, 2017. (List current assets in order of liquidity.) Yahoo! Inc. Balance Sheet (Amounts are in millions) Assets Current Assets $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity U
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
