Review the Circuit City balance sheet in Appendix A. Identify an asset with the word receivable in its account title and a liability with the word payable in its account title.

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Consolidated Balance Sheets $ in millions, except per share amounts Assets Current Assets Cash end cash equivalents Short-term investments Receivables Merchandise inventories Other current sets Total current asse Property and Equipment Land and buildings Leasehold improvement Fixtures and equipment Property under master and capitel lecse 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 liabilities Accrued compensation and related expenses Accrued lobilities Accrued income taxes Current portion of long-term debr Total current lobaties Long-Term Liabilities Long-Term Debe February 26 February 28, 5005 2004 $ 70 2,878 $ 245 2355 375 343 2851 2,607 329 174 6,903 5724 506 494 1,139 861 2458 2.151 89 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 $2,460 410 300 234 269 844 724 575 380 72 368 4,959 4.501 358 247 528 482 Shareholders' Equity Preferred stock, $1.00 par value: Authorized-400,000 shares; Issued and outstanding-none Common stock, $.10 par value: Authorized-1 bilion shares: Issued and outstanding -328,342,000 and 324,648,000 shares, respectively Additional paid-in copital Retained earnings Accumulated other comprehensive income Total shareholders equity Total Liabilities and Shareholders' Equity 33 32 952 836 3,315 2.468 149 86 4,449 3,422 $10,294 $8,652