PPT Slide
*From 1st pass income statement.
1997 1st Pass Balance Sheet (Claims)
1996 Factor 1st Pass
AP/accruals $ 100 x1.25 $ 125
Notes payable 100 100
Total CL $ 200 $ 225
L-T debt 100 100
Common stk. 500 500
Ret. earnings 200 *46 246
Total claims $1,000 $1,071
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