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Suppose the following items are taken from the 2025 balance sheet of Verizon Communications. (All dollars are in millions.) Goodwill Common stock $3,927 6,283 Equipment
Suppose the following items are taken from the 2025 balance sheet of Verizon Communications. (All dollars are in millions.) Goodwill Common stock $3,927 6,283 Equipment 1,737 Accounts payable 152 Patents 234 Stock investments (long-term) 3,247 Accounts receivable 1.061 Prepaid rent 233 Debt investments (short-term) 1.160 Retained earnings 6.108 Cash 2,292 Notes payable (long-term) 734 Unearned sales revenue 413 Accumulated depreciation-equipment 201 Prepare a classified balance sheet for Verizon Communications as of December 31, 2025. (List Current Assets in order of liquidity. Enter amounts in millions.) VERIZON COMMUNICATIONS Balance Sheet December 31, 2025 (Amounts are in millions) Assets
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