CALCULATOR MESSAGE MY INSTRUCTOR FULLSCREEN PRINTER VERSI

CALCULATOR MESSAGE MY INSTRUCTOR | | FULLSCREEN | PRINTER VERSION BACK Exercise 2-3 Suppose the following items were taken from the December 31, 2017, assets section of the Vaughn Manufacturing b sheet. (All dollars are in millions.) Inventory Notes receivable-due after December 31, 2018 Notes receivable-due before December 31, 2018 Accumulated depreciation-buildings $16,010 Patents $11,220 20,910 8,300 5,630 1,630 5,020 Buildings 365 Cash 13,340 Accounts receivable Debt investments (short-term) e the assets section of a classified balance sheet. (List the current assets in order uidity.) Vaughn Manufacturing Partial Balance Sheet Assets Current Assets 8.300 Cash 5.630 Accounts Receivable Version 4.24 Sons.Ins All Rights Reserved. A Division of /shared/ t/tes t/aglist.ur nd \"asnmt2 150480 #N 10040 SAMSUNG

Solution

Prepare classified balance sheet :

Assets
Current assets
Cash	8300
Account receivable	5630
Notes receivable	365
Inventory	16010
Debt investment (Short term)	1630
Total current assets		31935
Non current assets
Notes receivable		5020
Building	20910
Less: Accumlated dep	(13340)	7570
Patent		11220
Total non current assets		23810
TOTAL ASSETS		55745