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On June 1, 2014, Shaw Company Prepared a Balance Sheet

Question 54

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On June 1, 2014, Shaw Company prepared a balance sheet that shows the following: On June 1, 2014, Shaw Company prepared a balance sheet that shows the following: Shortly thereafter, all of the assets were sold for cash. How would the balance sheet appear immediately after the sale of the assets for cash for each of the following cases? Shortly thereafter, all of the assets were sold for cash.
How would the balance sheet appear immediately after the sale of the assets for cash for each of the following cases? On June 1, 2014, Shaw Company prepared a balance sheet that shows the following: Shortly thereafter, all of the assets were sold for cash. How would the balance sheet appear immediately after the sale of the assets for cash for each of the following cases?

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