Use the balance sheet for Leatherheads Football Gear, Inc., at August 31, 2010, to answer the following

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Use the balance sheet for Leatherheads Football Gear, Inc., at August 31, 2010, to answer the following questions:

Use the balance sheet for Leatherheads Football Gear, Inc., at

1. List the assets the company had on August 31, 2010. Who has claim to these assets?
2. List the liabilities the company had on August 31,2010.

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