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What is Common Size Income Statement And Balance Statement?

❶Invested in capital assets Net of related debt Restricted permanent endowments and permanent fixed principal amounts and unrestricted The statement of activities presents inflows and outflows in a net cost format. Therefore before the completion of statement no.

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At the end of the first year. Assume that you are the president of Highlight Construction Company. At the end of the first year December 31, of operations, the following financial data for the company are available: Receivables from customers all considered collectible. Inventory of merchandise based on physical count and priced at cost. Equipment owned, at cost less used portion.

Accounts payable owed to suppliers. Salary payable for on December 31, , this was owed to an employee. Expenses, including the cost of the merchandise sold excluding income taxes.

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