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Multiple-Step Income Statement and Balance Sheet The following selected accounts and their
current balances appear in the ledger of Kanpur Co. for the fiscal year ended June 30,205 :
hing and ifarning te teurce fris
2. Prepare a statement of owner's equity.
Kinpur Co. Ealance shect. Junin 30,20Y5 Assets Current assets: Total current assets Property,
plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current
liabiities:
4. Which type of income statement shows intermediate balances?

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