Question: Browning Inc. is a small start-up software development firm. It currently owns computer equipment worth $30,000; has cash on hand of $75,000 contributed by Brownings

Browning Inc. is a small start-up software development firm. It currently owns computer equipment worth $30,000; has cash on hand of $75,000 contributed by Brownings owners. For the transaction below, identify the real and/or financial assets that trade hands.

Browning uses the cash from the bank loan along with its initial cash on hand to finance the development of new social network monitoring software, which it patented and copyrighted.

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