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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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