Question
Terracota Inc. reported the following accounts and amounts in millions in its statements and for the year ended December 2,2016 Accounts payable 910 accounts receievable
Terracota Inc. reported the following accounts and amounts in millions in its statements and for the year ended December 2,2016
Accounts payable 910
accounts receievable 1020
accumulated amotization 570
accumulated depreciation 1200
Allowance for doubful accounts 20
cash and cash equilalents 1100
Common stock540
deffered revenue 2140
equipment 8230
income taxes payable longterm 20
Notes payable longterm 3370
notes recievable longterm 320
prepaid rent 340
retained earnings 7870
service revenue 560
short term investment 4650
software 980
Prepare a classified balance sheet the allowance for doubtful accounts relates entirely to accounts recievable in millions
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