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An accrual balance sheet exercise with instructions for students to identify potential holes and questionable aspects of the balance sheet. The exercise is intended to promote critical thinking and preparation for real-world business scenarios.
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Accrual Balance Sheet Exercise – BOP – Critical Thinking 1
Accrual Balance Sheet Exercise: Beginning of Period Critical Thinking
Student Name: ___________________________________
Instructions: This is a simplified balance sheet and is based on example information. As such it is incomplete and probably inaccurate in some respects. After completing the list of assets and liabilities consider the balance sheet you have constructed in comparison to one you would do for your business. Answer the following questions: