The following is taken from the 1998 balance sheet of Yahoo, Inc. (In thousands) Common stock ..................................................................................523,020

Question:

The following is taken from the 1998 balance sheet of Yahoo, Inc. (In thousands)

Common stock ..................................................................................523,020

Property and equipment, net ..............................................................15,189

Accounts payable .................................................................................6,302

Other assets ........................................................................................49,190

Long-term investments ......................................................................90,266

Accounts receivable ...........................................................................24,831

Pre-paid expenses and other assets ......................................................8,909

Short-term investments .....................................................................308,025

Retained earnings ..............................................................................13,190

Cash and cash equivalents ..............................................................125,474

Long-term liabilities ...........................................................................5,691

Accrued expenses and other current liabilities .................................35,380

Unearned revenue – current ..............................................................38,301

Prepare a balance sheet for Yahoo, Inc. as of December 31, 1998. (10 pts)

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...