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The information below pertains to the General Company (which makes food products) for the fiscal year ending December 31, 2022. It is listed in no
The information below pertains to the General Company (which makes food products) for the fiscal year ending December 31, 2022. It is listed in no particular order. The company is located in a dry area that has never had floods. Accounts Payable, 25,000 Accounts Receivable, 54,000 Accumulated Depreciation (buildings), 55,000 Allowance for Doubtful Accounts (receivables expected to not be collected), 10,000 Bond Sinking Fund, 30,000 Buildings, 200,000 Cash & Equivalents (Includes $5,000 for a Long-term Endowment), 10,000 Cash Dividends Declared & Paid, 17,000 Cash Surrender Value of Executive Life Insurance, 50,000 Common Stock, 250,000 Cost of Goods Sold, 400,000 Gain from Correcting an Error Made in 2020 (before
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