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E 5 . 5 ( LO 2 ) ( Preparation of a Corrected Balance Sheet ) Uhura Company has decided to expand its operations. The
ELO Preparation of a Corrected Balance Sheet Uhura Company has decided to expand
its operations. The bookkeeper recently completed the following balance sheet in order to obtain addi
tional funds for expansion.
Uhura Company
Balance Sheet
For the Year Ended
Instructions
Prepare a revised balance sheet given the available information. Assume that the accumulated depreci
ation balance for the buildings is $ and for the equipment, $ The allowance for doubtful
accounts has a balance of $ The pension obligation is considered a longterm liability.
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