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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 $4,100 6,330
Suppose the following items are taken from the 2025 balance sheet of Verizon Communications. (All dollars are in millions.) Goodwill Common stock $4,100 6,330 Equipment 1,790 Accounts payable 130 Patents 210 Stock investments (long-term) 3,360 Accounts receivable 1,140 Prepaid rent 250 Debt investments (short-term) 1,060 Retained earnings 6,530 Cash 2,440 Notes payable (long-term) 710 Unearned sales revenue 400 Accumulated depreciation-equipment 250 Prepare a classified balance sheet for Verizon Communications as of December 31, 2025. (List Current Assets in order of liquidity. Enter amounts in millions.) Current Assets Cash Debt Investments Accounts Receivable Prepaid Rent Total Current Assets Property. Plant. and Equipment VERIZON COMMUNICATIONS Balance Sheet December 31, 2025 (Amounts are in millions) Assets $ 2440 1060 1140 250 489 +A Liabilities and Stockholders' Equity $ $
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