HW 7 Answers - Homework #7 Chapter 8 Homework Problems E8-1...

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Homework #7 Chapter 8 Homework Problems E8-1 Preparing a Classified Balance Sheet LO1 The following is a list of account titles and amounts (dollars in millions) reported by Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families: Buildings and improvements $236 Goodwill $ 845 Prepaid expenses and other current assets 383Machinery and equipment 355 Accumulated depreciation 272 Allowance for doubtful accounts 77Inventories 402 Other noncurrent assets 157Other intangibles 1,236 Accumulated amortization (other intangibles) 230Land and improvements 18 Accounts receivable 1,226 Cash and cash equivalents 214Tools, dies, and molds 60 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)
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Current Assets Cash and cash equivalents $ 214 Accounts receivable 1,149 Inventories 402 Prepaid expenses and other current assets 383 Total current assets 2,148 Property, Plant, and Equipment Tools, dies and molds 60 Machinery and equipment 355 Buildings and improvements 236 Land and improvements 18 Property, plant, and equipment 669
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This note was uploaded on 11/11/2009 for the course AEM 2210 at Cornell University (Engineering School).

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HW 7 Answers - Homework #7 Chapter 8 Homework Problems E8-1...

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