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Using the following table and the equations underlying each of the four basic financial statements. Required: a. Show that the balance sheet is in balance.
Using the following table and the equations underlying each of the four basic financial statements. Required: a. Show that the balance sheet is in balance. b. Show that net income is properly calculated. c. Determine caused changes in the retained earnings account. d. Determine caused changes in the cash occount. (Nejative amounts should be indicated by a minus sign.)
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