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Use the following financial information to calculate the owner's equity and prepare a balance sheet with vertical analysis as of December 3 1 , 2
Use the following financial information to calculate the owner's equity and prepare a balance sheet with vertical analysis as of December for Victory Lane Sporting Goods, a sole proprietorship owned by Kyle Pressman: current assets, $; property, plant, and equipment, $; investments and other assets, $; current liabilities, $; and longterm liabilities, $Round percents to one decimal.
Victory Lane Sporting Goods
Balance Sheet
December
Assets
Current Assets $
Correct: Your answer is correct.
Property, Plant, Equipment $
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Investments & Other Assets $
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Total Assets $
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Liabilities & Owner's Equity
Current Liabilities $
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LongTerm Liabilities $
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Total Liabilities $
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Owners Equity $
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Total Liabilities
& Owner's
Equity $
Correct: Your answer is correct.
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