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The December 31, 2017, adjusted trial balance of Odom Company

The December 31, 2017, adjusted trial balance of Odom Company includes the following accounts: Determine which accounts

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The December 31, 2017, adjusted trial balance of Odom Company includes the following accounts:

Determine which accounts are non-current assets and prepare the non-current assets section of the balance sheet as at December 31, 2017.

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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Land Supplies Notes payable (due March 1, 2019) Accumulated depreciation-equipment Equipment Accumulated depreciation-building Notes receivable (due April 1, 2018) 2,900 28,000 25,800 43,000 37,400 7,800 Buildings Patents Goodwill Merchandise inventory $ 85,000 125,000 12,300 5,520 14,000

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: May 16, 2017 10:04 AM

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