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Prepare a classified statement of financial position. (LO 6) E4-16 The following items were taken from the financial statements of Sexton Company Ltd. (All amounts
Prepare a classified statement of financial position. (LO 6) E4-16 The following items were taken from the financial statements of Sexton Company Ltd. (All amounts are in thousands.) Long-term debt 1,000 Accumulated depreciation equip. 4,125 Prepaid insurance 680 Accounts payable 1,444 Equipment 11,500 Notes payable (due after 2018) 800 Long-term investments 1,200 Share capital-ordinary 10,000 Short-term investments 3,619 Retained earnings 4,750
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