Question

Glarus Company recently received the following information related to the company’s December 31, 2014, statement of financial position (in Swiss francs).
Inventory ................. CHF 2,900
Cash ................... 13,400
Equipment ................ 21,700
Share investments (long-term) ......... 6,500
Debt investments (short-term) CHF ....... 120
Accumulated depreciation—equipment ...... 5,700
Accounts receivable ............ 4,300
Prepare the assets section of the company’s classified statement of financial position.



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  • CreatedJanuary 30, 2014
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