Statement Presentation of Capital Assets

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Financial Accounting
Course Code
Liang Chen

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Statement Presentation of Capital Assets Property, plant, and equipment, natural resources, and intangible assets may be listed separately under the heading Capital assets. Natural resources are commonly grouped under the Property, plant, and equipment. Goodwill should be presented separately in the balance sheet, and other intangible can be grouped as a one line item on the balance sheet. Using the Information in the Financial Statements Net sales Average total assets = asset turnover
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