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Prepare a classified balance sheet for the year ended

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Reference no: EM133012460

Problem - The following information is available for The Eagles Company for the year ended December 31, 2020:

Accounts payable 10,000

Stock investments (long-term) 11,000

Accumulated depreciation, building 5,000

Retained earnings 19,000

Common stock 8,000

Intangible assets 4,500

Notes payable (due in 5 years) 110,000

Accounts receivable 3,600

Cash 4,400

Debt investments (short-term) 3,000

Land 20,000

Building 105,500

Required - Use the above information to and prepare a classified balance sheet for the year ended December 31, 2020.

Reference no: EM133012460

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