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—buildings2,131,260
Inventory 1,237,613
Prepare the assets section of a classified balance sheet. (List current assets in order of liquidity.)
H.J. Heinz Company
Partial Balance Sheet
For the Year Ended April 30, 2017For the Month Ended April 30, 2017April 30, 2017
(in thousands)
Assets
Stockholders' EquityIntangible AssetsProperty, Plant and EquipmentTotal AssetsTotal Property, Plant and EquipmentTotal Intangible AssetsTotal Current AssetsTotal Long-Term InvestmentsTotal Long-Term LiabilitiesCurrent AssetsTotal LiabilitiesTotal Stockholders' EquityCurrent LiabilitiesLong-Term InvestmentsLong-Term LiabilitiesTotal Liabilities and Stockholders' EquityTotal Current Liabilities
$
Long-Term LiabilitiesTotal AssetsStockholders' EquityTotal LiabilitiesTotal Long-Term LiabilitiesTotal Property, Plant and EquipmentIntangible AssetsTotal Current AssetsLong-Term InvestmentsTotal Current LiabilitiesTotal Intangible AssetsTotal Stockholders' EquityCurrent AssetsTotal Long-Term InvestmentsCurrent LiabilitiesProperty, Plant and EquipmentTotal Liabilities and Stockholders' Equity
$
Total AssetsTotal Stockholders' EquityTotal Liabilities and Stockholders' EquityIntangible AssetsLong-Term InvestmentsTotal LiabilitiesTotal Current AssetsTotal Long-Term InvestmentsTotal Property, Plant and EquipmentCurrent LiabilitiesTotal Long-Term LiabilitiesCurrent AssetsTotal Current LiabilitiesStockholders' EquityTotal Intangible AssetsProperty, Plant and EquipmentLong-Term Liabilities
$
Add Less
Property, Plant and EquipmentTotal Current AssetsCurrent AssetsTotal Stockholders' EquityTotal Property, Plant and EquipmentTotal Intangible AssetsCurrent LiabilitiesIntangible AssetsLong-Term InvestmentsTotal LiabilitiesLong-Term LiabilitiesStockholders' EquityTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal AssetsTotal Long-Term InvestmentsTotal Long-Term Liabilities
Current Assets Long-Term Investments Total Current Liabilities Long-Term Liabilities Total Current Assets Property, Plant and Equipment Total Property, Plant and Equipment Total Assets Current Liabilities Total Intangible Assets Total Liabilities and Stockholders' Equity Total Long-Term Investments Intangible Assets Total Liabilities Stockholders' Equity Total Long-Term Liabilities Total Stockholders' Equity
Current AssetsTotal Current LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-Term InvestmentsTotal Property, Plant and EquipmentTotal Long-Term LiabilitiesCurrent LiabilitiesIntangible AssetsTotal Current AssetsTotal Stockholders' EquityLong-Term InvestmentsProperty, Plant and EquipmentTotal AssetsStockholders' EquityLong-Term LiabilitiesTotal Intangible AssetsTotal Liabilities

Answer 1

Answer:

                         H. J. HEINZ COMPANY

                            Partial Balance Sheet

                   For the month ended 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  A

Property, plant, and equipment

Land                                                                          $76,193

Buildings                                        $4,033,369

Less: Accumulated depreciation $2,131,260         $1,902,109

                                                                                 $1,978,302  B

Intangible assets

Goodwill                                                                   $3,982,954

Trademarks                                                              $757,907    

                                                                                 $4,740,861 C

Total assets (A+B+C)                                                $9,627,483