If an investor gives $100,000 cash to purchase ownership interest to a company, gives a $50,000 cash
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If an investor gives $100,000 cash to purchase ownership interest to a company, gives a $50,000 cash loan to the same company at 8%, due in 10 years, and the company then purchases $20,000 in inventory, what is the value of total assets?
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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