Olympic Acquisitions, Inc., prepared the following post-closing trial balance at December 31, 2009: Required: Prepare a classified

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Olympic Acquisitions, Inc., prepared the following post-closing trial balance at December 31, 2009:


Olympic Acquisitions, Inc., prepared the following post-closing


Required:
Prepare a classified balance sheet for Olympic Acquisitions at December 31, 2009. Olympic reports the three categories of operating assets in separate subsections ofassets.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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