Business, 30.03.2021 18:50 stephany5439

The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Calvin, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families: Buildings and improvements $195
Prepaid expenses and other current assets 165
Allowance for doubtful accounts 39
Other noncurrent assets 210
Accumulated amortization (other intangibles) 819
Cash and cash equivalents 636
Goodwill 469
Machinery, equipment, and software 418
Accumulated depreciation 417
Inventories 300
Tools, dies, and molds 71
Other intangibles 1,359
Land and improvements 15
Accounts receivable 641

Required:
Prepare the asset section of the balance sheet for Calvin, Inc., classifying the assets into Current Assets, Property, Plant, and Equipment (net), and Other Assets.

Answers: 2

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Answers

Answer from: Sillydork4545

ASSETS

NON -CURRENT ASSETS

Buildings and improvements 195

Land and improvements 15

Other intangibles 1,359

Machinery, equipment, and software 418

Tools, dies, and molds 71

Accumulated depreciation (417)

Goodwill 469

Accumulated amortization (other intangibles) (819)

TOTAL NON -CURRENT ASSETS 1,291

CURRENT ASSETS

Inventories 300

Prepaid expenses and other current assets 165

Allowance for doubtful accounts (39)

Accounts receivable 641

Other noncurrent assets 210

Cash and cash equivalents 636

TOTAL CURRENT ASSETS 1,613

TOTAL ASSETS 2,904

Explanation:

Non-current assets are assets of a long term nature ,exceeding period of 12 months.

Current assets are assets of a short term nature, not exceeding a period of 12 months.

Answer from: Quest

answer; /// i believe the answer is (insider trading)

Answer from: Quest

Answer:

the correct answer is economics is a game without winners or losers.

explanation:

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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