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Required: Prepare the asset section of a classified balance sheet for Hashey, Inc. ...

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Accounting

Required:

  1. Prepare the asset section of a classified balance sheet for Hashey, Inc.

The following is a list of account titles and amounts (in millions) reported at December 27, 2015, by Hashey, Inc.

Accounts Receivable $ 1,138 Equipment $ 510
Accumulated Amortization 765 Goodwill 615
Accumulated Depreciation 520 Inventories 370
Allowance for Doubtful Accounts 47 Land 9
Buildings 260 Licensing Rights 1,855
Cash and Cash Equivalents 700 Prepaid Rent 375

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