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(1) The cash in the personal savings account and expected future ticket sales are not business assets and should be excluded from the balance sheet. Only the cash in the business bank account and company safe should be included. (2) The accounts receivable should only include the $10,000 receivable from Dell, Inc. Expected future ticket sales are not receivables from completed transactions. (3) The props and costumes should be shown at their $18,000 cost, and the $15,000 note payable related to their pu

Author

فرح صعب

Language

EN