Multiple Choice
Galvan Corporation (GC) capitalized a $20,000 automobile.Which of the following is true?
A) GC recorded a liability for $20,000.
B) GC recorded an asset for $20,000.
C) GC recorded an expense for $20,000.
D) GC recorded Contributed Capital for $20,000.
Correct Answer:
Verified
Correct Answer:
Verified
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