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Please Show Solution. Thank You 1. Prepare a Statement of Financial position in horizontal and vertical form. 2. Prepare also the Notes to Financial Statements

Please Show Solution. Thank You

1. Prepare a Statement of Financial position in horizontal and vertical form.

2. Prepare also the Notes to Financial Statements regarding the Face of the SFP and Materiality only.

Below are the respective accounts and their amounts (Use your Name as the Company Name, e.g. Jerome

Company). Also, please use 2020 as your calendar year. Materiality is set as 1% of total asset

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