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Author Question: Describe the format of the balance sheet. What will be an ideal ... (Read 55 times)

ts19998

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on: Jul 5, 2018
Describe the format of the balance sheet.
 
  What will be an ideal response?

Question 2

Inventory turnover measures the length of time it takes to acquire, sell, and replace the inventory.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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mariahkathleeen

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Reply #1 on: Jul 5, 2018
Answer to Question 1

The balance sheet is composed of assets and claims on assets. The claims on assets are called liabilities and shareholders' equity.

Answer to Question 2

False


ts19998

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Reply #2 on: Jul 5, 2018
Thank you :)


mariahkathleeen

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Reply #3 on: Jul 5, 2018
Happy to help you


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