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Presented below are a number of balance sheet items for Montoya, Inc., for the current year, 2014. Prepare a classified balance sheet in good form
Presented below are a number of balance sheet items for Montoya, Inc., for the current year, 2014. Prepare a classified balance sheet in good form Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated Otherwise. Cost and fair value of equity investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and equipment in order of Land, Building and equipment.)
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