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Assume that Lee Inc. has the following accounts at the end of the current year 1 Common Shares 2. Raw Materials Inventory 3. FV-OCI
Assume that Lee Inc. has the following accounts at the end of the current year 1 Common Shares 2. Raw Materials Inventory 3. FV-OCI Investments 4 Unearned Rent Revenue 5. Work-in-Process Inventory 6. Intangible Assets-Copyrights 7. Buildings 8. Notes Receivable (due in three months) 9. 10. Cash (includes Restricted Cash-see item 12) Salaries and Wages Payable - 11. Accumulated Depreciation-Buildings 12. Restricted Cash (for plant expansion) 13. Land Held for Future Plant Site 14. Allowance for Expected Credit Losses 15. Retained Earnings 16. Unearned Revenue learned in the next year) 17. Accounts Receivable-Officers (due in one year) 18. Finished Goods Inventory 19. Accounts Receivable 20. Bonds Payable (due in four years) 21 Accounts Payable 22. Goodwill 13 Prepare a classified statement of financial position in good form (no monetary amounts are necessary) List Cument Assets in onder of > < Lee Inc. Statement of Financial Position December 31, 20- Assets $XXXX XXXX $XXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX SXXXX XXXX -/10 1 > XXXX XXXX Liabilities and Shareholders' Equity $XXXX eTextbook and Media $XXXX XXXX XXXXX XXX $XXXX XXXX SXXXX XXXX XXXX $XXXX 13
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