Question: Suppose the following items are taken from the 2014 balance

Suppose the following items are taken from the 2014 balance sheet of Yahoo! Inc.
(All dollars are in millions.)
Goodwill ............. $3,927
Common stock.......... 6,283
Equipment............. 1,737
Accounts payable......... 152
Patents.............. 234
Stock investments (long-term)..... 3,247
Accounts receivable........ 1,061
Prepaid rent............ 233
Debt investments (short-term) .... 1,160
Retained earnings......... 6,108
Cash.............. 2,292
Notes payable (long-term) ..... 734
Unearned sales revenue....... 413
Accumulated depreciation—equipment. 201

Instructions
Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2014.


View Solution:


Sale on SolutionInn
Sales1
Views193
Comments
  • CreatedApril 07, 2014
  • Files Included
Post your question
5000