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5 September, 09:33

Suppose the following items were taken from the December 31, 2017, assets section of the Boeing Company balance sheet. (All dollars are in millions.)

Inventory $16,933

Patents $12,528

Notes receivable-due after December 31, 2018 5,466

Buildings 21,579 Notes receivable-due before December 31, 2018 368

Cash 9,215

Accumulated depreciation-buildings 12,795

Accounts receivable 5,785

Debt investments (short term) 2,008

Required:

1. Prepare the assets section of a classified balance sheet, listing the current assets in order of their liquidity.

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