Suppose the following information (in thousands of dollars) is available for H.
ID: 2332773 • Letter: S
Question
Suppose the following information (in thousands of dollars) is available for H. J. Heinz Company—famous for ketchup and other fine food products—for the year ended April 30, 2017.
Prepaid insurance
$125,765
Buildings
$4,033,369
Land
76,193
Cash
373,145
Goodwill
3,982,954
Accounts receivable
1,171,797
Trademarks
757,907
Accumulated depreciation—buildings
2,131,260
Inventory
1,237,613
Instructions
Prepare the assets section of a classified balance sheet, listing the items in proper sequence and including a statement heading.
Prepaid insurance
$125,765
Buildings
$4,033,369
Land
76,193
Cash
373,145
Goodwill
3,982,954
Accounts receivable
1,171,797
Trademarks
757,907
Accumulated depreciation—buildings
2,131,260
Inventory
1,237,613
Explanation / Answer
H. J. HEINZ COMPANY
Partial Balance Sheet
April 30, 2017
Assets Current assets Cash $373,145 Accounts receivable $1,171,797 Inventory $1,237,613 Prepaid insurance $125,765 Total current assets $2,908,320 Property, plant, and equipment Land $76,193 Buildings $4,033,369 Less: Accumulated depreciation—Buildings $2,131,260 $1,902,109 $1,978,302 Intangible assets Goodwill $3,982,954 Trademarks $757,907 $4,740,861 Total assets $9,627,483Related Questions
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