The following information (in thousands of dollars) is available for H.J. Heinz
ID: 2372734 • Letter: T
Question
The following information (in thousands of dollars) is available for H.J. Heinz Company%u2014famous for ketchup and other fine food products%u2014for the year ended April 29, 2009.
Prepaid expenses $ ? 125,765 Inventories $1,237,613
Land 76,193 Buildings and equipment 4,033,369
Other current assets 36,701 Cash and cash equivalents 373,145
Intangible assets 3,982,954 Accounts receivable 1,171,797
Other noncurrent assets 757,907 Accumulated depreciation 2,131,260
Instructions
Prepare the assets section of a classified balance sheet, listing the items in proper sequence and including a statement heading.
Explanation / Answer
ASSETS SECTION OF A CLASSIFIED BALANCE SHEET
FIXED ASSETS:
a.Tangible Assets
Land 76193
Building & Equipment 4033369
Less:Depreciation 2131260 1978302
b.Intangible Assets 3982954
NON CURRENT ASSETS: 757907
CURRENT ASSETS:
Inventories 1237613
Cash and Cash Equivalents 373145
Accounts Receivable 1171797
Prepaid Expenses 125765
Other Current Assets 36701 2945021
TOTAL OF BALANCE SHEET = $9664184
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