Question: You are to prepare a balance sheet for a hypothetical business entity of your choosing (or specified by your instructor). Include in your balance sheet

You are to prepare a balance sheet for a hypothetical business entity of your choosing (or specified by your instructor). Include in your balance sheet the types of assets and liabilities that you think the entity might have, and show these items at what you believe would be realistic dollar amounts. Make reasonable assumptions with regard to the company’s capital stock and retained earnings.

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