Your friend, Martinez, and you are thinking about investing in a company and are discussing the companys balance sheet. You are both very knowledgeable about the different formats of the balance sheet. You are convinced that the best format is the Unclassified Balance Sheet, but Martinez strongly believes that it is the Classified Balance Sheet.

Given what you have read and our discussions in class of Chapter 5 and your prior accounting classes knowledge, give a well-reasoned and detailed argument of which format of the Balance Sheet would be best for both of you to analyze in order to make your investment. And why? Provide specific examples to validate yours or Martinezs argument.

Requirement:

1. Post an original response to the question/situation above. Once you post your response, you will be able to view your classmates responses. (14 Points)
2. After completing requirement #1, you need to respond with some detail to at least TWO of your classmates postings. Answering Yes, I agree, or No, I disagree, etc. is not enough to earn you credit. You need to discuss why you agree or disagree. (6 Points)