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Question 3: (6 marks) A. Using the following information, prepare a classified balance sheet for ABC Company as at 31 December, 2019 Inventories $30,000 plant

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Question 3: (6 marks) A. Using the following information, prepare a classified balance sheet for ABC Company as at 31 December, 2019 Inventories $30,000 plant and equipment $60,000 Short-term borrowings $10,000 Trade payables $40,000 Long-term borrowings $124 Property $150,000 $45,000 Motor Vehicle Cash Drawings ,000 $30,000 $10,000 $15,000 Trade receivables Equity at Dec 31, 2014 Profit $15,000 Determine: 1- Non-current Assets 2- Current Assets 3- Non-current Liabilities 4- Current Liabilities 5- Total Equity 6- Total Assets

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