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Suppose the following items were taken from the December 31, 2017, assets section of the Boeing Company balance sheet. (All dollars are in millions.) Inventory
Suppose the following items were taken from the December 31, 2017, assets section of the Boeing Company balance sheet. (All dollars are in millions.) Inventory Notes receivable-due after December 31, 2018 Notes receivable-due before December 31, 2018 Accumulated depreciation-buildings $16,120 5,450 350 12,580 Patents Buildings Cash Accounts receivable Debt investments (short-term) $11,830 20,000 8,000 5,600 1,600 Prepare the assets section of a classified balance sheet. (List the current assets in order of liquidity.) Boeing Company Partial Balance Sheet December 31, 2017 (in millions) Assets T Current Assets Notes Receivable-due before December 31, 2018 350 Notes Receivable-due after December 31, 2018 5,450 Accounts Receivable 5,600 Cash 8,000 Inventory 16,120 7 Total Current Assets 35,520 T Long-Term Investments Accumulated Depreciation-Buildings 12,580 Total Property, Plant and Equipment ) Buildings 20,000 Less AJAccumulated Depreciation-Buildings L 12,580
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