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Presentation of the Balance Sheet

17 August, 2015 - 15:59

The balance sheet can be presented in the account form where liabilities and equities are presented to the right of the assets. An alternative is the report form where liabilities and shareholders’ equity are presented below the assets. The following illustrates the classified balance sheet of Big Dog Carworks Corp. after several years of operation, presented in account form:

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The statement of changes in equity is as follows:

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