Solution-How to classifying assets into current assets

How to classifying assets into current assets

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Reference no: EM13496933

The following is a list of account titles and amounts (in millions) from a recent company annual report:

Buildings and improvements	$ 182	Goodwill	$ 324
Prepaid expenses	135	Machinery and equipment	521
Allowance for Doubtful Accounts	41	Accumulated Depreciation	382
Other noncurrent assets	248	Inventory	421
Accumulated amortization	800	Other intangibles	1,452
Cash and cash equivalents	710	Accounts receivable	685

Required:

Prepare the asset section of the balance sheet for this company, classifying assets into Current Assets, Property, Plant and Equipment (net), and Other Assets.

Reference no: EM13496933

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How to classifying assets into current assets

Reference no: EM13496933

Reference no: EM13496933

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