Chapter_5_solution - Chapter 5: Communicating and...

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Chapter 5: Communicating and Interpreting Accounting Information ANSWERS TO MULTIPLE CHOICE 1. c) 2. b) 3. d) 4. a) 5. b) 6. c) 7. b) 8. c) 9. d) 10. d) E5-5. Compaq Computer Corporation Consolidated Balance Sheet December 31, Current Year (in millions) ASSETS Current assets: Cash and cash equivalents . ......................................... $ 627 Accounts receivable, net . ............................................. 1,377 Inventories. .................................................................... 1,123 Prepaid expenses. ......................................................... 164 Total current assets. ................................................. 3,291 Noncurrent assets: Property, plant, and equipment, less accumulated depreciation . ............................................................... 779 Other noncurrent assets . .............................................. 14 Total assets . ............................................................ $4,084
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Chapter_5_solution - Chapter 5: Communicating and...

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