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In: Accounting

I am trying to create a classified balance sheet and I am unsure what is involved...

I am trying to create a classified balance sheet and I am unsure what is involved when reporting the current assets, liabilities and owners equity?

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Expert Solution

Hi

Let me know in case you face any issue:

Below is the a detailed classified balance sheet One portion (Left one) is only Assets and Second (right) is other:

Instead of Stockholders equity, if you use owners' equity, then only one line items as "Owners' equity" will be reported on the balance sheet instead of all under stockholders equity:

For original size of image, Always press right click of mouse on image and select option "Open image in new tab". Image will be opened in new tab with original size. You can even download it by selecting option "save image as".

ekkarill92 answered 1 year ago
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