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Terracotta Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended December 2, 2016. $ 890 980 550
Terracotta Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended December 2, 2016. $ 890 980 550 1,180 Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Cash and Cash Equivalents Common Stock Deferred Revenue Equipment Income Taxes Payable Notes Payable (long-term) Notes Receivable (long-term) Prepaid Rent Retained Earnings Service Revenue Short-Term Investments Software 1,080 520 1,080 8,030 3,170 300 320 7,670 540 4,450 900 Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) TERRACOTTA, INC. Balance Sheet As of December 2, 2016 (in millions of dollars) Accounts Receivable, net of Allowance Equipment, net of Accumulated Depreciation Software, net of Accumulated Amortization |
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