The following is a list of aocount fifes and amounts in mill
The following is a list of aocount fifes and amounts (in millions) reported at December 20, 2013, by Hashey, Inc a leading manufacturer of games, toys, and interactive entertainment software for children and families Accounts Receivable $ 1,100 Equipment $ 480 585 340 735 Goodwi 400 Inventory 30Land 230 Licensing Rights 670Prepaids Accumulated Depreciation Allowance for Doubtu Accounts 1.865 Cash and Cash Equivalents 345 1. Prepare the asset section of a dassified balance sheet for Hashey, Inc. (Enter assets in the order of s to be deducted should be indicated by their liquidity. Enter your answers in millions. Amount a minus sign) Balance Sheet (partial) December 20, 2013 Current Assets Total Curmenst Assets Property Plant and Equipment oe??????
Solution
Less revenue
| Classified balance sheet | ||
| Assets | ||
| Current assets | ||
| Accounts receivable | 1100 | |
| Allowance for doubtful accounts | -36 | |
| Cash and cash equivalent | 670 | |
| Inventory | 340 | |
| prepaids | 345 | |
| Total current assets | 2419 | |
| Property plant and equipment | ||
| Equipment | 480 | |
| Land | 7 | |
| Building | 230 | |
| Property plant and equipment at cost | 717 | |
| Accumulated depreciation | -490 | |
| Property plant and equipment net | 227 | |
| Other assets | ||
| Goodwill | 585 | |
| Licensing rights | 1865 | |
| Accumulated amortization | -735 | |
| Total other assets | 1715 | |
| Total assets | 4361 | |
