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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following items is taken from December 31, 2020, assets section of the Boeing
Company
Inventory $9,563
Notes receivable – due after Dec 31, 2021, $6,777
Notes receivable – due before Dec 31 2021 $ 328
Patents $ 11,915
$ 16,664
Buildings $ 20,180
Cash
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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