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This is a free sample preview of the essay
Assets Worth What Balance Sheet Says?
Beginning of essay
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Hilda Lahti owner of the Custom-Made Products has gone through a huge change
in her business. Hilda noticed that one part of her business made more money than the
other, so therefore Hilda decided to base her whole business on that just side. In order to
run this business she needed a loan. She ....
Middle of essay
....her company...
Therefore I believe that the assets are not always worth what the balance sheet
says because a balance sheet always changes thus changing not only the assets but
everything else on the balance sheet, if one thing changes it has an affect on the hole
outcome of the final totals. The GAAP that influenced me in my thinking is the continuing
concern concept since it deals with an operating business and the various changes. A
balance sheet is like a snap shoot it only stays that way f.... |
| Number of words: 424 |
Approximate pages: 2 |
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