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For an accounting class

2007-09-10 10:58:11 · 1 answers · asked by WHHHAT??? 1 in Business & Finance Other - Business & Finance

1 answers

Yes. The type of capital contributed (cash, fixed assets, debt assumption, etc) would determine what is debited, with credit amount residing in shareholders equity.

2007-09-10 16:12:17 · answer #1 · answered by mindcrime828 7 · 0 0

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