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Using the trial balance provided for Microsoft Corporation, prepare a classified balance sheet as of the end of the fiscal year. Ensure proper classification of
Using the trial balance provided for Microsoft Corporation, prepare a classified balance sheet as of the end of the fiscal year. Ensure proper classification of assets, liabilities, and equity. Calculate the total assets, total liabilities, and shareholders' equity for Microsoft Corporation. (Total Assets: $300 billion, Total Liabilities: $100 billion, Shareholders' Equity: $200 billion)
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