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    babybeardot's Avatar
    babybeardot Posts: 1, Reputation: 1
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    #1

    Oct 3, 2007, 07:53 PM
    Claasified balance sheet
    If there were fees earned and a depreciation expense and capital withdrawals where do they go on a classified balance sheet?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Oct 4, 2007, 12:51 PM
    Fees Earned would be Revenue, which go on the income statement.

    Depreciation expense is an expense, goes on the income statement.

    Capital withdrawals go on the balance sheet under shareholder's equity.
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