Selected balance sheet amounts for 3m company a, Accounting Basics

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Selected balance sheet amounts for 3m company a

Question: Constructing and Analyzing Balance Sheet Amounts from Incomplete Data

Selected balance sheet amounts for 3M Company, a manufacturer of consumer and business products, for three recent years follow.

Required: a. Compute the missing balance sheet amounts for each of the three years shown.

b. What types of accounts would we expect to be included in current assets? In long-term assets?

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Accounting Basics: Selected balance sheet amounts for 3m company a

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Accounting Basics: Selected balance sheet amounts for 3m company a

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