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Complete a Balance Sheet using the following year-end account balances for ABC Corporation for the year ended on December 31, 2015.

User Jorgenkg
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1 Answer

1 vote

Final answer:

The student's question does not include the necessary details to complete a Balance Sheet for ABC Corporation, as the provided information relates to other financial exercises like calculating current account balances and setting up a bank's T-account.

Step-by-step explanation:

The question by the student involves completing a Balance Sheet for ABC Corporation for the year ended on December 31, 2015. However, the information provided in the question does not give the necessary account balances to create a Balance Sheet. Instead, it mistakenly includes steps related to summing up columns for Exports, Imports, and Balance to find the current account balance, which pertains to a different concept in international trade or macroeconomics. Similarly, there is a reference to creating a T-account for a bank, calculating assets, liabilities, and net worth, which is also unrelated to the Balance Sheet for ABC Corporation. To correctly complete a Balance Sheet, one would need values for assets, liabilities, and equity for the given company, which are not provided here.

User Anvarik
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