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Instructions: Determine the increases/decreases for each balance sheet account. I. Condensed financial data of Mennan Company appear below: 2 . Ula plant assets costing $,U

Instructions: Determine the increases/decreases for each balance sheet account.

I. Condensed financial data of Mennan Company appear below: 2 . Ula plant assets costing $,U were sold tor $1,U casn when book value was $1,UU. 3. Bonds with a face value of $40,000 were converted into $40,000 of common stock

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