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Author Question: Invested in capital assets, net of related debt would not include a. accounts payable, even if it ... (Read 95 times)

xclash

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on: Jul 5, 2018
Invested in capital assets, net of related debt would not include
 
  a. accounts payable, even if it was capital related.
  b. notes payable that is capital related.
  c. inventory.
  d. accumulated depreciation.
  e. All of the above items are part of the calculation of invested in capital assets, net of related debt.

Question 2

Darnell Company purchased 88,000 of computer equipment from Joseph Company. Darnell Company paid for theequipment using cash that had been obtained from the initial investment by Donnie Darnell. Which entity or entities (Darnell Company, Joseph Company, Donnie Darnell) should record the transactioninvolvin g the computer equipment on their accounting records?


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qytan

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

Darnell Company and Joseph Company


xclash

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

skipfourms123

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Reply 3 on: Yesterday
Gracias!

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