Assume that Caterpillar, Inc. reported the following accounts and amounts (in millions) in its December 31, 2017, 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:

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