At October 31, 2015, the end of the current fiscal year, Lafontaine Engineering Inc. had the following

Question:

At October 31, 2015, the end of the current fiscal year, Lafontaine Engineering Inc. had the following account balances:

Instructions
Prepare the balance sheet presentation for Lafontaine Engineering Inc.€™s long-term assets.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...