The following items is taken from December 31, 2020, assets section of the Boeing Company balance sheet (All dollars are in millions). Inventory $9,563 Notes receivable – due after Dec 31, 2021, $6,777 Notes receivable – due before Dec 31 2021 $ 328 Accumulated Depreciation – buildings Patents $ 11,915 $ 16,664 Buildings $ 20,180 Cash Accounts receivables Debt investment $ 7,042 $ 5,740 $ $2,266 Instructions Prepare the assets section of a classified balance sheet, listing the current assts in order of their liquidity.

The following items is taken from December 31, 2020, assets section of the Boeing Company balance sheet (All dollars are in millions). Inventory $9,563 Notes receivable – due after Dec 31, 2021, $6,777 Notes receivable – due before Dec 31 2021 $ 328 Accumulated Depreciation – buildings Patents $ 11,915 $ 16,664 Buildings $ 20,180 Cash Accounts receivables Debt investment $ 7,042 $ 5,740 $ $2,266 Instructions Prepare the assets section of a classified balance sheet, listing the current assts in order of their liquidity.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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Question

The following items is taken from December 31, 2020, assets section of the Boeing

Company balance sheet (All dollars are in millions).

Inventory $9,563

Notes receivable – due after Dec 31, 2021, $6,777

Notes receivable – due before Dec 31 2021 $ 328

Accumulated Depreciation – buildings

Patents $ 11,915

$ 16,664

Buildings $ 20,180

Cash

Accounts receivables

Debt investment $ 7,042

$ 5,740

$ $2,266

Instructions

Prepare the assets section of a classified balance sheet, listing the current assts in order of

their liquidity.

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