Question: Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for three

Constructing and Analyzing Balance Sheet Amounts from Incomplete Data Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for three recent years follow. $ millions Current Assets Long-Term Assets Total Assets Current Liabilities Long-Term Liabilities Total Liabilities Stockholders Equity* 2013 $12,733 $ $33,550 $ ? $ 8,104 $15,602 $17,948 2014 12,303 18,906 ? 5,964 12,103 ? 13,142 2015 ? 21,732 32,718 7,118 13,853 20,971 ? a. Compute the missing balance sheet amounts for each of the three years shown. b. What types of accounts would we expect to be included in current assets? In long-term assets?

Account Category
Accounts payable AnswerCurrent asset,Long-term asset,Neither
Accounts receivable AnswerCurrent asset,Long-term asset,Neither
Accrued expenses AnswerCurrent asset,Long-term asset,Neither
Cash AnswerCurrent asset,Long-term asset,Neither
Common stock AnswerCurrent asset,Long-term asset,Neither
Goodwill AnswerCurrent asset,Long-term asset,Neither
Inventories AnswerCurrent asset,Long-term asset,Neither
Prepaid expenses AnswerCurrent asset,Long-term asset,Neither
Property, plant and equipment AnswerCurrent asset,Long-term asset,Neither
Retained earnings AnswerCurrent asset,Long-term asset,Neither
Trademark

AnswerCurrent asset,Long-term asset,Neither

Please select the answers for each category option need all of them to be answered.

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