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1. Prepare a classified balance sheet for XYZ Corporation at December 31, 2012. Note: In order to earn full credit, be sure to present a

1. Prepare a classified balance sheet for XYZ Corporation at December 31, 2012. Note: In order to earn full credit, be sure to present a title and a sub-total for each section of the classified balance sheet. 2. Prepare sample footnotes for the following significant accounting policy disclosures: a. Cash b. Inventories c. Property, Plant, and Equipmentimage text in transcribed

ACCT 310, Financial Reporting Assignment #3: Balance Sheet ________________________________ Last Name First Name The December 31, 2012, post-closing trial balance ($ in thousands) for XYZ Corporation is presented below: Required: 1. Prepare a classified balance sheet for XYZ Corporation at December 31, 2012. Note: In order to earn full credit, be sure to present a title and a sub-total for each section of the classified balance sheet. 2. Prepare sample footnotes for the following significant accounting policy disclosures: a. Cash b. Inventories c. Property, Plant, and Equipment

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