Question: b . Identify whether or not the following would be included among 3 M s current assets. Answer 7 IncludedNot included 1 . Cash and

b. Identify whether or not the following would be included among 3Ms current assets.
Answer 7IncludedNot included1. Cash and cash equivalentsAnswer 8IncludedNot included2. Property plant & equipmentAnswer 9IncludedNot included3. InventoryAnswer 10IncludedNot included4. Accounts payableAnswer 11IncludedNot included5. Marketable securitiesAnswer 12IncludedNot included6. GoodwillAnswer 13IncludedNot included7. Accrued expensesAnswer 14IncludedNot included8. Prepaid expenses
b. Identify whether or not the following would be included among 3Ms long-term assets.
Answer 15IncludedNot included1. Property plant & equipmentAnswer 16IncludedNot included2. Accounts payableAnswer 17IncludedNot included3. Intangible assetsAnswer 18IncludedNot included4. Work in processAnswer 19IncludedNot included5. GoodwillAnswer 20IncludedNot included6. Accrued expensesAnswer 21IncludedNot included7. Prepaid expensesAnswer 22IncludedNot included8. Long-term notes payable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!