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REEF RESOURCES, FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION DECEMBER 31, 2018CONTENTSPage FACING PAGE ...............................................................................................................................................

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How to fill out financial statements and supplementary

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To fill out financial statements and supplementary, follow these steps:

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Begin with the balance sheet: Include all assets, liabilities, and owner's equity. Calculate the net worth by subtracting liabilities from assets.

03

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Prepare the statement of retained earnings: Start with the beginning balance and add net income. Deduct any dividends or owner withdrawals to find the ending balance.

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