Refer to Circuit Citys balance sheet in Appendix A Identify the accounts listed as current liabilities. Consolidated

Refer to Circuit City’s balance sheet in Appendix A Identify the accounts listed as current liabilities.

Transcribed Image Text:

Consolidated Balance Sheets $ in millions, except per share amounts Asset Current Assets Cash and cash equivalen Short-term investments Receivables Merchandise inventories Other current acts Total current assets Property and Equipment Land and buildings Leasehold improvemanh Fixtures and equipment Property under master and capital lease less accumulated depreciation Net property and equipment Goodwill Tradename Long-Term Investments Other Assets Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Unredeemed gift card lobilises Accrued compensation and related expenses Accrued liabilities Accrued income taxes Currant portion of long-term debt Total current liabilities Long-Term Liabilities Long-Term Debt Shareholders' Equity Preferred stock, $1.00 par value Authorized-400,000 shares: haued and outstanding-none Common stock. $.10 por volue: Authorized-1 bilion shares: Issued and outstanding -328,342,000 and 324,648,000 shares, respectively Additional poid-in copitel Retained earnings Accumulated other comprehensive income Total shareholders' equity Total Liabilities and Shareholders' Equity February 26 5005 February 28, 2004 $ 470 2878 $ 245 2,355 375 343 2,851 2,607 329 174 6,903 5,724 506 4841 1,139 861 2,458 89 2,151 78 4.192 3,574 1728 1,330 2,464 2,244 513 477 40 37 148 226 170 $10.294 $8,652 $ 2,824 $2,460 410 300 234 269 844 724 $75 380 72 368 4,959 4,501 358 247 528 482 33 32 952 836 3,315 2,468 149 86 4,449 3.422 $10,294 $8,652