Balance Sheet

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Pre-written Papers:

Title: Balance Sheet

Essay Details:

Subject: Miscellaneous

Author: Fred P

Date: February 7, 2014

Level: University

Grade: A

Length: 2 / 336

Essay text:

The purpose of any business is to increase the owner's equity through solid revenues. These revenues increase assets or proceed to decrease the business liabilities. In the case shown above, for L.L. Sams Company, the total amount of assets consists of $211,500, while liabilities are listed at $30,000. However, the owner's capital is $181,500. Therefore, the loan assistant would subtract the total liabilities from the owner's equity and assets. This amount would be $363,000.00. In the case shown above, for Melinda Garcia Career Services, the total amount of assets consists of $244,000, while liabilities are listed at $174,000...

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