chapter_8_HW

chapter_8_HW - Homework#7 Chapter 8 Homework Problems E8-1...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Homework #7 Chapter 8 Homework Problems E8-1 Preparing a Classified Balance Sheet LO1 The following is a list of account titles and amounts (in millions) reported by Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families: Buildings and Improvements $ 197 Goodwill $ 704 Prepaid Expenses and Other Current Assets 319 Machinery and Equipment 296 Allowance for Doubtful Accounts 64 Accumulated Depreciation 227 Other Noncurrent Assets 131 Inventories 335 Accumulated Amortization (other intangibles) 192 Other Intangibles 1,030 Cash and Cash Equivalents 178 Land and Improvements 15 Accounts Receivable 1,022 Tools, Dies, and Molds 50 Required: Prepare the asset section of the balance sheet for Hasbro, Inc., classifying the assets into Current Assets, Property, Plant, and Equipment (net), and Other Assets. Hasbro, Inc. Excerpts from Balance Sheet (in millions) ASSETS Current Assets Total Current Assets Property, Plant, and Equipment
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Total Property, Plant, and Equipment (net) Other Assets Total Other Assets Total Assets E8-8 Computing Depreciation under Alternative Methods LO3 Alexa Plastics Company purchased a new stamping machine at the beginning of the year at a cost of $240,000. The estimated residual value was $28,800. Assume that the estimated useful life was 5 years, and the estimated productive life of the machine was
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 6

chapter_8_HW - Homework#7 Chapter 8 Homework Problems E8-1...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online