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SW KS, near Dodge City | Prepaid expenses and investment in a growing crop is a current asset, which is definitely part of the balance sheet.
My guess is that the OP wants to claim full expected revenue as an asset. The only asset would be the purchased seed, chemical, fertilizer, land rent etc... which eventually are converted to income through the growing crop. Once harvested that value then translates back from the income statement to the balance sheet as either inventory or cash if it’s sild right away. | |
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I need a banksplination
