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Suppose the following items were taken from the December 31, 2017, assets section of the Vaughn Manufacturing balance sheet. (All dollars are in millions.) Inventory
Suppose the following items were taken from the December 31, 2017, assets section of the Vaughn Manufacturing 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 $16,010 Patents $11,220 20,910 8,300 5,630 1,630 5,020 Buildings 365 Cash 13,340 Accounts receivable Debt investments (short-term) Prepare the assets section of a classified balance sheet. (List the current assets in order of liquidity.) Vaughn Manufacturing Partial Balance Sheet (in millions) Assets
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