Solved: Suppose the following information in thousands of dollars, Accounting Basics

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Suppose the following information in thousands of dollars

Problem 1

Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company-famous for ketchup and other fine food products-for the year ended April 30, 2014.

Prepaid insurance	$ 123,093	Buildings	$4,009,027
Land	75,709	Cash	372,597
Goodwill	3,901,072	Accounts receivable	1,219,707
Trademarks	797,607	Accumulated depreciation-buildings	2,150,329
Inventory	1,201,723

Prepare the assets section of a classified balance sheet.

Problem 2

Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company-famous for ketchup and other fine food products-for the year ended April 30, 2014.

Prepaid insurance	$ 123,093	Buildings	$4,009,027
Land	75,709	Cash	372,597
Goodwill	3,901,072	Accounts receivable	1,219,707
Trademarks	797,607	Accumulated depreciation-buildings	2,150,329
Inventory	1,201,723

Prepare the assets section of a classified balance sheet.

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Accounting Basics: Suppose the following information in thousands of dollars

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