Akira Shinoda starts a new business. Mr. Shinoda uses his personal car in the business with the

Question:

Akira Shinoda starts a new business. Mr. Shinoda uses his personal car in the business with the expectation that latetrh eb usiness can buy a car. All expenses for operating the car, including license plates, gasoline, oil, tune-ups, and new tires, are paid for out of business funds. Is this an acceptable procedure? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: