Statement Presentation of Capital Assets

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Department
Financial Accounting
Course Code
MGAB01H3
Professor
Liang Chen

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Description
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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