(BQ) Part 2 book "Financial accounting" hass contents: Plant assets & intangibles, liabilities, stockholders' equity, financial statement analysis, the statement of cash flows, the income statement & the statement of stockholders' equity,.and other contents. | 7 Plant Assets & Intangibles SPOTLIGHT: FedEx Corporation If you need a document delivered across the country overnight, FedEx can handle it. FedEx Corporation sets the standard for quick delivery. As you can see from the company s Consolidated Balance Sheets on the following page, FedEx moves packages using aircraft, package-handling equipment, computers, and vehicles. These are FedEx s most important assets (lines 8 16). This chapter covers long-term plant assets to complete our coverage of assets, except for long-term investments in Chapter 10. Let s begin by examining the various types of long-term assets. Financial Accounting, Eighth Edition, by Walter T. Harrison Jr., Charles T. Horngren, and Bill Thomas. Published by Prentice Hall. Copyright 2010 by Pearson Education, Inc. 410 Chapter 7 Plant Assets & Intangibles FedEx Corporation Consolidated Balance Sheets (Partial, Adapted) (In millions) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 ASSETS CURRENT ASSETS Cash and cash equivalents Receivables, less allowances of $158 and $136 Spare parts, supplies and fuel . Prepaid expenses and other . Total current assets . PROPERTY AND EQUIPMENT, AT COST Aircraft and related equipment. Package handling and ground support equipment Computer and electronic equipment. Vehicles Facilities and other. Total cost Less: Accumulated depreciation . Net property and equipment. OTHER LONG-TERM ASSETS Goodwill Prepaid pension .