Homework Answers
| FACEBOOK, INC. | |||
| Balance Sheet | |||
| At September 30, 2016 | |||
| ( In millions) | |||
| Assets | Amount | Liabilities + Stockholders Equity | Amount |
| Current assets: | Current liabilities: | ||
| Cash | 3,850 | Accounts payable | 1,650 |
| Accounts receivable | 450 | Long term liabilities: | |
| Short term investment | 7,800 | Note payable | 1,650 |
| Prepaid rent | 1,850 | Total Liabilities | |
| Total current assets | 13,950 | Stockholders Equity: | |
| Plant assets: | Common stock | 13,400 | |
| Equipment | 3,650 | Retained earnings | 4,100 |
| Intangible asset | Total stockholders equity | 17,500 | |
| Software | 3,200 | ||
| Total Assets | $20,800 | Total Liabilities & Stockholders Equity | $20,800 |
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The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016....
The following accounts are taken from the financial statements of Facebook Inc. at September 30, 2016....
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