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Prepare a balance sheet for Alaskan Orange Corporation as of Novemeber 31, 2020, based on the following information: Cash = $193,000; Patents and copyrights =
Prepare a balance sheet for Alaskan Orange Corporation as of Novemeber 31, 2020, based on the following information:
Cash = $193,000; Patents and copyrights = $847,000; Accounts payable = $296,000; Accounts receivable = $253,000; Tangible net fixed assets = $5,100,000; Inventory = $538,000; Notes payable = $189,000; Accumulated retained earnings = $4,586,000; Long-term debt = $1,250,000
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