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Dhs model balance sheet

Wis indebted rev 2025

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The document is a Model Balance Sheet form used for submitting license applications for Adult Family Homes, Community Based Residential Facilities, or Home Health Agencies in Wisconsin. It outlines the structure of a balance sheet, detailing assets, liabilities, and owner's equity, and provides definitions and examples of current and fixed assets as well as current and long-term liabilities. The document emphasizes that total assets must equal the sum of total liabilities and owner's equity.

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