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Prepare a classified balance sheet for yahoo

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Reference no: EM131763663

Problem 2-1A Suppose the following items are taken from the 2017 balance sheet of Yahoo! Inc. (All dollars are in millions.)

Goodwill $3,927
Common stock 6,283
Equipment 1,737
Accounts payable 152
Patents 234
Stock investments (long-term) 3,247
Accounts receivable 1,061
Prepaid rent 233
Debt investments (short-term) 1,160
Retained earnings 6,108
Cash 2,292
Notes payable (long-term) 734
Unearned sales revenue 413
Accumulated depreciation-equipment 201

Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2017. (List current assets in order of liquidity.) 

Reference no: EM131763663

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