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special number: 6,700 Harry Dunne has prepared the following proforma balance sheet for Mutts Cutts for 2022 . Most accounts have been concealed (by ######),
special number: 6,700
Harry Dunne has prepared the following proforma balance sheet for Mutts Cutts for 2022 . Most accounts have been concealed (by #\#\#\#\#\#), but total assets is equal to your special number. Note that you are NOT expected to complete the balance sheet. Instead, answer the questions below. a. Based on the proforma balance sheet, would Mutts Cutts have a need for external financing in 2022? Provide a yes or no answer and a 1-2 sentence explanation. (4 points) b. Indicate two possible ways that Mutts Cutts can make its balance sheet balance. Identify a specific account as well as the amount of required change. (4 points) Harry Dunne has prepared the following proforma balance sheet for Mutts Cutts for 2022 . Most accounts have been concealed (by #\#\#\#\#\#), but total assets is equal to your special number. Note that you are NOT expected to complete the balance sheet. Instead, answer the questions below. a. Based on the proforma balance sheet, would Mutts Cutts have a need for external financing in 2022? Provide a yes or no answer and a 1-2 sentence explanation. (4 points) b. Indicate two possible ways that Mutts Cutts can make its balance sheet balance. Identify a specific account as well as the amount of required change. (4 points)Step by Step Solution
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