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Refer to the information below to answer parts a. and b. Show your work to receive partial credit. Accounts from Max Company's 12/31/19 adjusted pre-closing
Refer to the information below to answer parts a. and b. Show your work to receive partial credit. Accounts from Max Company's 12/31/19 adjusted pre-closing trial balance appear below: a. (6 pts) Determine the ending retained earnings balance as reported on Max Company's 12/31/19 balance sheet. Assume that no dividends were declared or paid during 2019. b. (6 pts) Prepare the asset section of the company's classified balance sheet as of 12/31/19
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