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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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