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Assets Worth What Balance Sheet Says?
Part 1 of Paper
....da noticed that one part of her business made more money than the
other, so therefore Hilda decided to base her whole business on that just side. In order to
run this business she needed a loan. She brought her balance sheet in, without changing
the assets section to satisfy her new business. This brought up the quest.... Part 2 of Paper
....al, the assets should be up to date and include a headings that tells
the owners capital this way the banker can see what the annual income is of the business.
A buyer is found for the machinery that pays $35,000 this will change the balance
sheet because it has an affect on be the cost of the equipment changing the amount of the
total assets. this is what an updated balance sheet would look like for her company...
Therefore I believe that the assets are not always worth what the balance shee.... |
| Number of words: 424 - Approximate pages: 2 |
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