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Assume that you are the president of Highlight Construction Company. At the end of the first years operations (December 31), the following financial data for
Assume that you are the president of Highlight Construction Company. At the end of the first years operations (December 31), the following financial data for the company are available: Required: Using the financial statement exhibits in the chapter as models and showing computation: 1. Prepare a summarized income statement for the year. 2. Prepare a statement of stockholders' equity for the year. 3. Prepare a balance sheet at December 31
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