15950 Patents 21250 420 Cash Notes Assets Solution Pharaoh C

$15,950 Patents 21,250 420 Cash Notes Assets

Solution

Pharaoh Company Partial Balance sheet December 31, 2017 (In milions) Assets Current Assets Cash $9,400.00 Debt Investments $1,740.00 Accounts receivable $5,740.00 Inventory $15,950.00 Notes receivable – due before 12/31/2018 $420.00 Total current assets $33,250.00 Long-term investments            Notes receivable $4,810.00 Property, plant, and equipment           Buildings $21,250.00            Less: accumulated deprecation $13,270.00 $7,980.00 Intangible Assets              Patents $11,760.00 Total Assets $57,800.00