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Fred Graf, owner of Graf Interiors, is negotiating for the purchase of Terrell Galleries. The...

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Accounting

Fred Graf, owner of Graf Interiors, is negotiating for the purchase of Terrell Galleries. The balance sheet of Terrell is given in an abbreviated form below.

TERRELL GALLERIES BALANCE SHEET AS OF DECEMBER 31, 2012
Assets
Liabilities and Stockholders

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