HOMEWORK solutions 8a

HOMEWORK solutions 8a - Solutions to HOMEWORK exercises: Ch...

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Solutions to HOMEWORK exercises: Ch 8, part a E8–1. Hasbro, Inc. Excerpts from Balance Sheet (in millions) ASSETS Current Assets Cash and cash equivalents $ 521 Accounts receivable (net of allowance for doubtful accounts, $39) 607 Inventories 169 Prepaid expenses and other current assets 212 Total current assets 1,509 Property, Plant, and Equipment Tools, dies and molds 30 Machinery and equipment 304 Buildings and improvements 206 Land and improvements 18 Property, plant, and equipment (at cost) 558 Less: Accumulated depreciation 358 Total property, plant, and equipment (net) 200 Other Assets Goodwill 464 Other intangibles (net of accumulated amortization, $435) 711 Other noncurrent assets 280 Total other assets 1,455 Total Assets $3,164 E8–5 . Req. 1 Adjusting entry for 2006: Depreciation expense (+E, - SE). ........................................ 5,000 Accumulated depreciation, equipment (+XA, - A). ........ 5,000
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HOMEWORK solutions 8a - Solutions to HOMEWORK exercises: Ch...

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