The December 31, 2021, adjusted trial balance of Odom Company includes the following accounts: Determine which accounts

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The December 31, 2021, adjusted trial balance of Odom Company includes the following accounts:

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Determine which accounts are non-current assets and prepare the non-current assets section of the balance sheet as at December 31, 2021.

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...
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Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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