Question

Rutgers e- Terminal Limited is a private corporation that is wholly owned by Mr. Adonis Rutgers. Mr. Rutgers also personally owns 40% of the common shares of a company named Princeton Corporation. A further 20% of the Princeton common shares are held by Rutgers e- Terminal Limited. The bookkeeper for Rutgers e- Terminal prepared the following SFP:



Required:
Prepare a corrected classified SFP, using appropriateterminology.


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  • CreatedFebruary 17, 2015
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