Accounting Principles volume 2
Accounting Principles volume 2
12th Edition
ISBN: 9781119132233
Author: Kimmel and Kieso (Custom for LaGuardia Community College) Weygandt
Publisher: WILEY C
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Chapter 13, Problem 6Q
To determine

Balance Sheet: It is an annual financial statement which states the company’s health by showing what it owns (asset), what it owes (liabilities) and what it has (shareholder’s equity) at the year end.

To Explain: Reason for difference in corporation balance sheet and proprietorship’s balance sheet.

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