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Saturday, 15 March 2014

Caterpillar, Inc., reported the following accounts and amounts (in millions) in its December 31, 2008, year-end financial statements. Prepare the current assets section of a classified balance sheet. Assume that the Allowance for Doubtful Accounts relates to Accounts Receivable rather than Notes Receivable. (Enter your answers in millions. Input all amounts as positive values. Enter Assets in the order of liquidity. Omit the "$" sign in your response.)

Caterpillar, Inc., reported the following accounts and amounts (in millions) in its December 31, 2008, year-end financial statements. Prepare the current assets section of a classified balance sheet. Assume that the Allowance for Doubtful Accounts relates to Accounts Receivable rather than Notes Receivable. (Enter your answers in millions. Input all amounts as positive values. Enter Assets in the order of liquidity. Omit the "$" sign in your response.)
 
   
  Accounts Payable    $  4,647  
  Accounts Receivable 9,858  
  Accumulated Depreciation 10,363  
  Allowance for Doubtful Accounts 341  
  Cash and Cash Equivalents 2,896  
  Inventories 8,861  
  Loans Payable—Current 7,159  
  Long-Term Debt $ 21,634  
  Long-Term Notes Receivable 16,643  
  Notes Receivable—Current 8,861  
  Other Current Assets 2,018  
  Other Current Liabilities 12,833  
  Other Noncurrent Assets  9,195  
  Property, Plant, and Equipment 24,087  

 
Caterpillar, Inc.
Partial Balance Sheet
 As of December 31, 2008
(in millions of dollars)
 Assets    
  Current assets:    
       Cash and cash equivalents   $  
       Accounts receivable $    
       Allowance for doubtful accounts      
       
 
       Accounts receivable, net of allowance   $  
       Inventories    
       Notes receivable-current    
       Other current assets    
         
          Total Current Assets   $  
   

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