ANSWER 9 A company receives $10 million cash from investors in exchange for ne Several...
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ANSWER 9 A company receives $10 million cash from investors in exchange for ne Several weeks later, the company buys a $25 million machinery using all of the issuance of shares and signing a promissory note for the remainder. The acco two transactions are: A. Long-term investments; cash; equipment and accounts payable. B. Shareholders' equity; cash long-term investments, and notes payable C. Contributed capital cash; equipment and notes payable. ||| O
9. A company recelves 510 milion cash trom investors in exchange for ne Several weoks later, the compary buys a $28 milion machinery uaing all of the two transactions are: C. Controuted ciptak cash equprent, and notes payable
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