Question: Look at the balance sheet shown in Exhibit 2.3. Redo that balance sheet in the more traditional format used by Leons. How does your statement

Look at the balance sheet shown in Exhibit 2.3. Redo that balance sheet in the more traditional format used by Leon’s. How does your statement differ from the one prepared by the company? Which statement is more informative? Should it make any difference to stakeholders how the balance sheet is formatted? Explain.

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