Problem
Suppose the following items are taken from the 2014 balance sheet of Yahoo! Inc. (All dollars are in millions.)
|
Goodwill
|
$3,980
|
|
Common stock
|
6,313
|
|
Equipment
|
1,802
|
|
Accounts payable
|
133
|
|
Patents
|
242
|
|
Stock investments (long-term)
|
3,002
|
|
Accounts receivable
|
1,132
|
|
Prepaid rent
|
222
|
|
Debt investments (short-term)
|
1,220
|
|
Retained earnings
|
5,803
|
|
Cash
|
2,009
|
|
Notes payable (long-term)
|
713
|
|
Unearned sales revenue
|
406
|
|
Accumulated depreciation-equipment
|
241
|
Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2014. (List current assets in order of liquidity.)