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Assets Worth What Balance Sheet Says?
Beginning of Essay
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Hilda Lahti owner of the Custom-Made Products has gone through a huge change
in her business. Hilda noticed that one part of her business made more money than the
other, so therefore Hilda decided to base her whole business on that just side. In order to
run thi .... Middle of Essay
.... income and how sales should do better since the company is
now only focusing on one line so therefore it will make a better profit and it is already
proven to be better than the competition. By fixing the balance sheet it will also have a
better chance of approval, the assets should be up to date and include a headings that tells
the owners capital this way the banker can see what the annual income is of the business.
A buyer is found for the machinery that pays $35,000 this will change the balance
sheet because it has an affect on be the cost of the equipment changing the amount of the
total assets. this is what an updated balance sheet would loo ....
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Words: 424 - Pages: 2
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