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Create a personal balance sheet as of december 31 2012 it

Adam and Arin Adams have collected their personal asset and liability information and have asked you to put together a balance sheet as of December 31, 2012. The following information is received from the Adams family.

a. Create a personal balance sheet as of December 31, 2012. It should be similar to a corporate balance sheet.

b. What must the total assets of the Adams family be equal to by December 31, 2012?

c. What was their net working capital (NWC) for theyear?

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Finance Basics: Create a personal balance sheet as of december 31 2012 it

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