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Greece Corporation has the following accounts in its general ledger as at December 31, 2020. The company was authorized to issue 500.000 common shares
Greece Corporation has the following accounts in its general ledger as at December 31, 2020. The company was authorized to issue 500.000 common shares and had actually issued 310.000. Prepare a classified statement of financial position in good form (without numerical amounts). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment) Accounts payable Accounts receivable Accumulated depreciation buildings Accumulated depreciation-equipment Allowance for doubtful accounts Bank overdraft Bonds payable, due May 1, 2027 Buildings Cash Common shares Contributed surplus Equipment Goodwill Inventory Long-term investments Land ENG 90
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