P16.6a (lo 3) financial statement the following data, presented in alphabetical order, are taken from the records of nieto corporation. accounts payable $ 260,000 accounts receivable 140,000 accumulated depreciation—buildings 180,000 accumulated depreciation—equipment 52,000 allowance for doubtful accounts 6,000 bonds payable (10%, due 2028) 500,000 buildings 950,000 cash 62,000 common stock ($10 par value; 500,000 shares authorized, 150,000 shares issued) 1,500,000 dividends payable 80,000 equipment 275,000 goodwill 200,000 income taxes payable 120,000 inventory 170,000 investment in mara common stock (30% ownership), at equity 380,000 investment in sasse common stock, at fair value 300,000 land 390,000 notes payable (due 2021) 70,000 paid-in capital in excess of par—common stock 130,000 premium on bonds payable 40,000 prepaid insurance 16,000 retained earnings 125,000 short-term investments, at fair value 180,000 the investment in sasse common stock is considered to be a long-term security. instructions prepare a classifi ed balance sheet at december 31, 2020.

1. revising for conciseness - eliminating flabby expressions, limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center. read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a. m. [2] generally, the company limits the number of conference calls to three per hour. [3] i’m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) i’m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.