Question the walt disney company shows television costs as, Ask an Expert

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Question: The Walt Disney Company shows "television costs" as an asset on its balance sheet. In the notes to its financial statements, the following television cost disclosure was made:

Sept. 30, 2004 Sept. 30, 2003

Television costs:

Released, less amortization $ 893 $ 961

Completed, not released 175 126

In-process 292 283

In development or pre-production 24 11 $1,384 $1,381

a. Interpret the four television cost asset categories.

b. How are these classifications similar or dissimilar to the inventory classifications used in a manufacturing firm?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92336403

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