Assume that Caterpillar, Inc., reported the following accounts and amounts (in millions) in its December 31, 2014, year-end financial statements. Prepare the current assets section of a classified balance sheet. Assume that the Allowance for Doubtful Accounts relates to Accounts Receivable rather than Notes Receivable.

Transcribed Image Text:

Long-Term Debt Long-Term Notes Receivable Nates Receivable-Current Other Current Assets Other Current Liabilities Other Noncurrent Assets Property, Plant, and Equipment $22,834 15,743 8,731 1,988 14,033 9,105 23,487 $ 4,827 Accounts Payable Accounts Receivable Accumulated Depreciation Allowance for Doubtful Accounts Cash and Cash Equivalents 9,788 10,963 391 2,736 8,781 7,209 Inventories Loans Payable-Current