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The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. Additional
The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors.
Additional information:
Cash Includes a $ restricted amount to be used for repayment of the bonds payable in
The cost of the machinery is $
Accounts recelvable includes a $ notes recelvable from a customer due in
The notes payable balance includes accrued interest of $ Principal and Interest are both due on February
The company began operations in Net income less dividends since inception of the company totals $
shares of no par common stock were issued in shares are authorized.
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