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Suppose the following items are taken from the 2022 balance sheet of Yahoo! Inc. (All dollars are in millions.) Goodwill $3,860 Common stock 6,460 Equipment
Suppose the following items are taken from the 2022 balance sheet of Yahoo! Inc. (All dollars are in millions.)
Goodwill | $3,860 | |
Common stock | 6,460 | |
Equipment | 2,070 | |
Accounts payable | 120 | |
Patents | 250 | |
Stock investments (long-term) | 3,360 | |
Accounts receivable | 1,040 | |
Prepaid rent | 240 | |
Debt investments (short-term) | 1,300 | |
Retained earnings | 6,510 | |
Cash | 2,290 | |
Notes payable (long-term) | 750 | |
Unearned sales revenue | 380 | |
Accumulated depreciationequipment | 190 |
Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2022. (List Current Assets in order of liquidity.)
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