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Calling Card Co Ltd Has Acquired a Printing Press from Metal

Question 53

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Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd.The deal required Calling Card Co Ltd to exchange the following assets for the printing press: Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd.The deal required Calling Card Co Ltd to exchange the following assets for the printing press:   The cost to install the press was $1,000 (not yet paid) .What is the entry to record the purchase of the printing press? A)    B)    C)    D)    E)  None of the given answers. The cost to install the press was $1,000 (not yet paid) .What is the entry to record the purchase of the printing press?


A) Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd.The deal required Calling Card Co Ltd to exchange the following assets for the printing press:   The cost to install the press was $1,000 (not yet paid) .What is the entry to record the purchase of the printing press? A)    B)    C)    D)    E)  None of the given answers.
B) Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd.The deal required Calling Card Co Ltd to exchange the following assets for the printing press:   The cost to install the press was $1,000 (not yet paid) .What is the entry to record the purchase of the printing press? A)    B)    C)    D)    E)  None of the given answers.
C) Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd.The deal required Calling Card Co Ltd to exchange the following assets for the printing press:   The cost to install the press was $1,000 (not yet paid) .What is the entry to record the purchase of the printing press? A)    B)    C)    D)    E)  None of the given answers.
D) Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd.The deal required Calling Card Co Ltd to exchange the following assets for the printing press:   The cost to install the press was $1,000 (not yet paid) .What is the entry to record the purchase of the printing press? A)    B)    C)    D)    E)  None of the given answers.
E) None of the given answers.

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