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These items are taken from the financial statements of Crane Company at December 31, 2022. Prepare a classified balance sheet. Assume that $13,600 of the
These items are taken from the financial statements of Crane Company at December 31, 2022. Prepare a classified balance sheet. Assume that $13,600 of the mortgage payable will be paid in 2023. (List Current assets in order of liquidity. List Property, plant and equipment in order of land, buildings and equipment.) CRANE COMPANY Balance Sheet December 31, 2022 Assets $ $ Liabilities and Stockholders' Equity
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