Travel Now Inc., reported total cash of $1,600 million at September 30, 2016. Of this amount, $50 million was set aside and could be used
Travel Now Inc., reported total cash of $1,600 million at September 30, 2016. Of this amount, $50 million was set aside and could be used only to fulfill the requirement of an aviation authority of a certain foreign country to protect against the potential nondelivery of travel services in that country in the short term. Another $510 million was invested in money market funds and time deposits with original maturities of less than 90 days. The remaining $1,040 million was held in bank accounts. Travel Now also reported $520 million in short-term investments (maturing in 90360 days), $63 million of deferred revenue, $795 million of accounts receivable, $280 million of prepaid insurance, and $3,860 of goodwill. Show the current assets section of Travel Now's balance sheet. TIP: Some items are not current assets. (Enter your answers in millions.)
14 $280 million of prepaid insurance, and $3,860 of goodwill. Show the current assets section of Travel Now's balance sheet. TIP: Some items are not current assets. (Enter your answers in millions.) 3 points TRAVEL NOW INC. Balance Sheet (Partial) For the Month Ended September 30, 2016 (in millions) eBook $ 0Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started