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Problem 5: (6 Marks) You are given the following information from the 2020 financial statements for The Stopperside Wardrobe Co. 2020 Sales $8.085 Accounts receivable
Problem 5: (6 Marks) You are given the following information from the 2020 financial statements for The Stopperside Wardrobe Co. 2020 Sales $8.085 Accounts receivable ?? Depreciation 1,085 Current assets 20,447 Cost of goods sold 1,942 Other expenses 515 Interest 579 Cash 5,000 Notes payable 600 Long-term debt 15,435 Net fixed assets 33,291 Accounts payable 4.025 Inventory 9,555 Owners' Equity ?? Dividend 1,011 Construct the statement of financial position for The Stopperside Wardrobe Co. for end of year 2020
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