The financial statements at the end of Stone Realty's first month of operations are shown below. Instructions1.

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The financial statements at the end of Stone Realty's first month of operations are shown below.

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Instructions1. Would you classify a realty business like Stone Realty as a manufacturing, merchandising, or service business?2. By analyzing the interrelationships among the financial statements, determine the proper amounts for (a) through(o).

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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