P3. The following items are taken from the 2017 balance sheet of Yahoo!, Inc. (A

Question

P3. The following items are taken from the 2017 balance sheet of Yahoo!, Inc. (All dollars are in thousands.) $3,031,623 Intangible assets Common stock Property and equipment, net 5,684,300 Accounts payable 531,696 48,20 Other assets 481,83 Long-term investments Accounts receivable Prepaid expenses and other current assets Short-term investments Retained earnings 1,042,575 483,951 94,549 2,688,252 1,417,14 823,72 750 ash and cash equivalents Long-term debt Accrued expenses and other current liabilities Unearned revenue -current Other long-term liabilities Instructions Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2017. 853,115 279,387 146,048

Explanation / Answer

Solution:

Balance Sheet - Yahoo Inc. As on December 31, 2017 Particulars Amount (In '000) Assets: Current Assets: Cash and cash equivalents $823,723.00 Accounts receivables $483,951.00 Prepaid Expenses and other current assets $94,549.00 Total Current Assets $1,402,223.00 Investments: Long term investment $1,042,575.00 Short term investments $2,688,252.00 Total Investments $3,730,827.00 Property, Plant and Equipment (Net) $531,696.00 Intangible Assets $3,031,623.00 Other Assets $481,832.00 Total Assets $9,178,201.00 Liabilities and Stockholder's Equity: Current liabilities: Accounts payable $48,205.00 Accrued Expenses and other current liabilities $853,115.00 Unearned revenue $279,387.00 Total Current liabilities $1,180,707.00 Long term Liabilities: Long term debt $750,000.00 Other long term liabilities $146,048.00 Total long term liabilities $896,048.00 Stockholder's Equity: Common Stock $5,684,300.00 Retained Earnings $1,417,146.00 Total stockholder's equity $7,101,446.00 Total liabilities and stockholder's Equity $9,178,201.00

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