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Balance sheet
Using the following data for Sentinel Travel Service as well as the retained earnings statement, prepare a balance sheet as of August 31, 2014.
Accounts payable
$ 44,600
Accounts receivable
75,500
Capital stock
116,000
Cash
45,400
Land
310,000
Supplies
4,700
If all of the methods produce similar results, then decision makers can have more confidence in the estimated cost of equity. Why do you think this is a correct statement?
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