Question

Suppose the following items are taken from the 2022 balance sheet of Yahoo! Inc. (All dollars are in millions.) Goodwill Common stock Equipment Accounts payable Patents Stock investments (long-term) Accounts receivable Prepaid rent Debt investments (short-term) Retained earnings Cash Notes payable (long-term) Unearned sales revenue Accumulated depreciation-equipment $4.030 6.040 1,760 180 240 3.210 1,120 220 1,010 6,470 2.400 730 380 190 Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2022. (List Current Assets in order of liquidity.)

Answer 1

YAHOO! INC. Balance Sheet December 31, 2022 (Amounts are in millions) Assets Current Assests Cash $2,400 Accounts Receivable $1,120 Debt Investments (short-term) Prepaid Rent $1,010 $220 Total current assets S4,750 Long-Term Investments Stock Investments (long-term) $3,210 Property Plant and Equipment Equipment Less: Accumulation Depreciation - Equipment Intangible Assets $1,760 $190 $1,570 Goodwill $4,030 $240 $4,270 Patents S13,800 Total Assets Liabilities and Shareholder's Equity Liabilities Accounts Payable $180 Unearned sales revenue $380 $560 Total Current Liabilities Non-Current Liabilities Notes Payable (long-term) $730 Total Liabilities S1,290 Shareholer's Equity Common Stock $6,040 $6,470 Retained Earnings Total Shareholder's Equity S12,510 Total Liabilities and Shareholder's Equity S13,800