Glarus Company recently received the following information related to the companys December 31, 2014, statement of financial

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Glarus Company recently received the following information related to the company’s December 31, 2014, statement of financial position (in Swiss francs).

Inventory .................CHF 2,900

Cash ................... 13,400

Equipment ................ 21,700

Share investments (long-term) ......... 6,500

Debt investments (short-term) CHF ....... 120

Accumulated depreciation—equipment ...... 5,700

Accounts receivable ............ 4,300

Prepare the assets section of the company’s classified statement of financial position.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 12:58 AM

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Glarus Company recently received the following information related to the companys December 31, 2014, statement of financial

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