Question
The following information was taken from Twitter 10-K form (Annual report) filed with the Securities and Exchange Commission (SEC) TWITTER, INC. CONSOLIDATED BALANCE SHEETS (In
The following information was taken from Twitter 10-K form (Annual report) filed with the Securities and Exchange Commission (SEC)
TWITTER, INC. | ||||
CONSOLIDATED BALANCE SHEETS | ||||
(In thousands) | ||||
ASSETS | 31-Dec-15 | 31-Dec-16 | ||
Current assets: | ||||
Cash and cash equivalents | 911,471 | 988,598 | ||
Short-term investments | 2,583,877 | 2,785,981 | ||
Accounts receivable, net of allowance for doubtful accounts of $8,121 and $7,216 as of 31-Dec-15 and 31-Dec-16 respectively | 638,694 | 650,650 | ||
Prepaid expenses and other current assets | 247,750 | 226,967 | ||
Total current assets | 4,381,792 | 4,652,196 | ||
Property and equipment, net | 735,299 | 783,901 | ||
Intangible assets | 141,015 | 95,334 | ||
Goodwill | 1,122,728 | 1,185,315 | ||
Other assets | 61,605 | 153,619 | ||
TOTAL ASSETS | 6,442,439 | 6,870,365 |
The Company records accounts receivable at the invoiced amount. The Company maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivable amounts. In evaluating the Companys ability to collect outstanding receivable balances, the Company considers various factors including the age of the balance, the credit-worthiness of the customer, which is assessed based on ongoing credit evaluations and payment history, and the customers current financial condition.
How much money (in thousands) do customers owe Twitter as of Dec-31-2016 for the services performed by Twitter? Put differently, what is the total value of unpaid invoices as of Dec-31-16?
A. 650,650 | |
B. 638,694 | |
C. 988,598 | |
D. 657,866 | |
E. 658,771 |
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