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Topic; Balance sheet Situation: Your best friend, Rose, and you are thinking about investing in...

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Accounting

Topic; Balance sheet

Situation:

Your best friend, Rose, and you are thinking about investing in a corporation and are discussing the firms balance sheet. You are both very well-informed about the various presentations of the balance sheet. Rose strongly believes that it is the Classified Balance Sheet, but you are positive that the best format is the Unclassified Balance Sheet. Given what you have read and our discussions in class of Chapter 5 and your prior accounting courses, give a well-reasoned and detailed argument of which format of Balance Sheet would be best for both of you to analyze in order to make your investment. And why? Provide specific examples to validate yours or Roses argument. Requirement: 1) Post an original detail response to the question/situation above. Once you post your detail answer, you will be able to view your classmates responses. (14 Points)

Please do not plagiarize your responses as it will be checked by CUNYs plagiarism software. If your work is plagiarized, you will receive a zero and will be referred to Academic Affairs for the appropriate action.

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