Problem: Data listed below are taken from a recent balance sheet of Amazon Corporation
Some amounts, Indicate by question marks, have been intentionally omitted.
Required.
1. Determine the missing amounts.
2. Prepare Amazon’s classified balance sheet
($ in 000s)
Cash and cash equivalents $ 239, 186
Short-term investments 353, 700
Accounts receivable (net of allowance) 504, 944
Inventories ?
Prepaid expenses (current) 83, 259
Total current assets 1,594, 927
Long-term receivables 110, 800
Property and equipment (net) ?
Total assets ?
Notes payable and short-term debt 31, 116
Accounts payable ?
Accrued liabilities 421, 772
Other current liabilities 181, 604
Total current liabilities 693, 564
Long-term debt and deferred taxes ?
Total liabilities 956, 140
Shareholders equity 1,370,627