question archive Terracotta Incorporated reported the following accounts and amounts (in millions) in its ?nancial statements for the year ended December 2, 2016
Terracotta Incorporated reported the following accounts and amounts (in millions) in its ?nancial statements for the year ended December 2, 2016
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Terracotta Incorporated reported the following accounts and amounts (in millions) in its ?nancial statements for the year ended December 2, 2016. Accounts Payable $ 970 Accounts Receivable 1,140 Accumulated Amortization 630 Accumulated Depreciation 1 , 26 0 Allowance for Doubtful Accounts 8 0 Cash and Cash Equivalents 1,160 Common Stock 600 Deferred Revenue 2 , 14 0 Equipment 8 , 83 0 Income Taxes Payable 8 0 Notes Payable (long—term) 3 , 97 0 Notes Receivable (long—term) 38 0 Prepaid Rent 4 0 O Retained Earnings 8 , 47 0 Service Revenue 6 2 0 Short-Term Investments 5 , 25 0 Software 1, 040 h 7, , :7 , , z , Prepare a classi?ed 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).)
