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Consolidated Financial Statements

Harry Haefner and, Damona Doye (1995)

Summary

Farm and ranch financial statements are unique in that personal and other non-farm income, assets, and liabilities are often comingled with business items. This fact sheet examines the five following issues: 1. defining personal and business assets and liabilities 2. non-farm income 3. withdrawals 4. credit card debt 5. savings and investments