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This is also an example of balance sheet results after the accounting system has recorded all of the events. Each balance sheet must conform to
This is also an example of balance sheet results after the accounting system has recorded all of the events. Each balance sheet must conform to the accounting basic equation, Assets Liabilities Shareholders' Equity
While the figures are jumbled in the problem statement, the balance sheet for each year would be organized like this:
tableCurrent Assets,XXXNoncurrent Assets,
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