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Terracotta Incorporated reported the following accounts and amounts (in millions) in its financial statements for...

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Accounting

Terracotta Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended December 2, 2016. Accounts Payable $ 1,010 Accounts Receivable 1,220 Accumulated Amortization 670 Accumulated Depreciation 1,300 Allowance for Doubtful Accounts 40 Cash and Cash Equivalents 1,200 Common Stock 640 Deferred Revenue 2,300 Equipment 9,230 Income Taxes Payable 40 Notes Payable (long-term) 4,370 Notes Receivable (long-term) 420 Prepaid Rent 440 Retained Earnings 8,870 Service Revenue 660 Short-Term Investments 5,650 Software 1,080 Prepare a classified balance sheet. The Allowance for Doubtful Accounts relates entirely to Accounts Receivable. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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