Acc211 Chapter 8 HW

2012-11-19_09-01-39

E8-1 Preparing a Classified Balance Sheet LO1

The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Hasbro, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families:        Buildings and improvements$ 190 Goodwill$   478     Prepaid expenses and other current assets175 Machinery and equipment417     Allowance for doubtful accounts49 Accumulated depreciation411     Other noncurrent assets199 Inventories298     Accumulated amortization (other intangibles)802 Other intangibles1,374     Cash and cash equivalents638 Land and improvements15      Accounts receivable650    Required:Prepare the asset section of the balance sheet for Hasbro, Inc., classifying the assets into Current Assets, Property, Plant, and Equipment (net), and Other Assets. (Be sure to list the Assets (in order of their liquidity). Enter your answers in millions. Input all amounts as positive values. Omit the “$” sign in your response.)