Explain to your classmates what assets-liabilities-equity

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1. Regarding the Lincoln Electric in Mexico. How do you think they would have to adjust their system if they opened a plant in China or would they – explain. How about if they moved it to a poorer country like the Sudan?

2. Explain to your classmates what assets, liabilities, and equity are and tell which financial statement includes these items. On a classified balance sheet, you see current assets and current liabilities as well as long-term assets and long-term liabilities. Why is it important to classify items as current and long-term? How would management use this information and how would creditors use this information?

Reference no: EM132183256

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