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Condensed data taken from the ledger of Crawford Company at December 31, 2011 and 2010, are as follows:

2011 2010
Current assets 200,000 $180,000
Property, plant, and equipment 450,000 400,000
Intangible assets 20,700 30,000
Current liabilities 70,000 80,000
Long-term liabilities 200,000 250,000
Common stock 275,000 200,000
Retained earnings 125,700 80,000

Prepare a comparative balance sheet, with horizontal analysis, for December 31, 2011 and 2010.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M948025

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