Foreign Direct Investment means:________a. buying or creating facilities in another country for producing in local markets. b. b
1 answer:
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Answer:
Explanation:
In the classified balance sheet, we summarize the asset and liabilities into various types
Like assets are divided into fixed assets, current assets, and intangible assets.
Likewise, liabilities are also divided into current liabilities, long term liabilities
In every balance sheet, the accounting equation is used that means
Total assets = Total liabilities + Shareholder equity
And, the ending balance of the common stock = Beginning balance of common stock + net income - dividend paid
= $35,000 + $66,385 - $5,000
= $96,385
The preparation of the income statement and the classified balance sheet for Gin Yang, Culinary Academy are presented in the spreadsheet. Kindly find the attachment below:
