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Suppose the following items were taken from the December 31, 2017, assets section of the Sheridan Company balance sheet. (All dollars are in millions.) Inventory
Suppose the following items were taken from the December 31, 2017, assets section of the Sheridan Company balance sheet. (All dollars are in millions.)
Inventory | $16,060 | Patents | $12,100 | |||
Notes receivabledue after December 31, 2018 | 5,580 | Buildings | 20,770 | |||
Notes receivabledue before December 31, 2018 | 325 | Cash | 7,500 | |||
Accumulated depreciationbuildings | 13,340 | Accounts receivable | 5,550 | |||
Debt investments (short-term) | 1,550 |
Suppose the following items were taken from the December 31, 2017, assets section of the Sheridan Company balance sheet. (All dollars are in millions.)
Inventory | $16,060 | Patents | $12,100 | |||
Notes receivabledue after December 31, 2018 | 5,580 | Buildings | 20,770 | |||
Notes receivabledue before December 31, 2018 | 325 | Cash | 7,500 | |||
Accumulated depreciationbuildings | 13,340 | Accounts receivable | 5,550 | |||
Debt investments (short-term) | 1,550 |
Prepare the assets section of a classified balance sheet. (List the current assets in order of liquidity.)
Sheridan Company Partial Balance Sheet (in millions) Assets $ Click if vou would like to Show Work for this question: Open Show Work
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