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Suppose the following items were taken from the 2017 financial statements of Swifty Corporation. (All dollars are in millions.) Common stock $2.790 Accumulated depreciation-equipment $3.720
Suppose the following items were taken from the 2017 financial statements of Swifty Corporation. (All dollars are in millions.) Common stock $2.790 Accumulated depreciation-equipment $3.720 Prepaid rent 165 Accounts payable 1.780 Equipment 6.710 Patents 2.490 Stock investments (long-term) 660 960 Notes payable (long-term) 1.880 Retained earnings Debt investments (short-term) 6,745 Income taxes payable 150 Accounts receivable 1,750 Cash 1,340 Inventory 1.150 Prepare a classified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.) Swifty Corporation Balance Sheet December 31, 2017 (in millions) Assets Prepare a classified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.) Swifty Corporation Balance Sheet December 31, 2017 (in millions) Assets $
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