Question: both part a and b is required Shown below in random onder is a list of balance sheet items for Red River Farms at September
Shown below in random onder is a list of balance sheet items for Red River Farms at September 30. 2001: Instructions a. Prepare a balance sheet by using these items and computing the amount for Hollis Robers Capital. Use a sequence of assets similar to that illustrated on page 42. (After -8ams and Sheds\" you may list the remaining assets in any order.) Include a proper heading for your bat ance sheet. b. A'sume that on September 30. immediately after this balance sheet was prepared. a tomad completely destroyed one of the bams. This bam had a cost of \\$23.800. and was not insurd against this type of Jisaster. Explain what changes would be required in your September : balance sheet to reflect the loss of this barn. Shown below in random onder is a list of balance shet items for Red River Farms at September 30. 2001 : Instructions 2. Prepare a balance sheet by using these items and computing the amount for Hollis Robers Capital. Use a sequence of assets similar to that illustrated on page 42. (After -8 ans and Sheds\" you may list the remaining assets in any order.) Include a proper heading for your bot ance sheet. b. A sume that on September 30. immediately after this balance sheet was prepared. a tomab completely destroyed one of the barns. This barn had a cost of \\$23.800, and was not iasurd agains this type of disaster. Explain what changes would be required in your September. balance sheet to reflect the loss of this barn
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