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    Information from balance sheet, importance of date

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    What kind of information can be derived from the balance sheet?

    Why is the date on the balance sheet important?

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    A company's balance sheet reports three main categories of items:
    <br>- Assets
    <br>- Liabilities
    <br>- Owner's Equity
    <br>Assets can be divided into current and long-term assets. Current assets are those assets that the company expects to convert into cash, sell or consume during the next 12 months. Long-term assets ...

    Solution Summary

    The expert examines the information from balance sheet and the importance of data.