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asset increased, liability increased

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Q: How does the purchase of equipment by signing a note affect the accounting equation?
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Related questions

Where did the Louisianna Purchase took place?

The signing of the Treaty of the Louisiana Purchase was made in Paris, France.


Who helped napolean in the signing of The Louisiana Purchase?

Elmo and barney. and half a french-fry......


Is an option to purchase a codicil?

I am very curious about this too. If I were to sign an Option to Purchase, and then pass away AFTER signing the option to purchase, Is the signed Option to Purchase sufficient evidence after my death that I intended to purchase the property while i was alive?


When modeling hourly pay which part of the equation is used to represent a signing bonus?

y-intercept ap3x


What do you bring to the signing of a used car purchase?

Your drivers license, proof of insurance and cash, check or money order.


Can a husband be the only signatory on the housing loan application?

Yes, a husband can purchase a home without his wife signing.


Is there a right of refusal on a auto purchase in Illinois?

After signing a sales contract, you have three business days to cancel the transaction.


What does the term liquidated damage mean in a lease purchase contract?

The leasing company incurs heavy costs at the start of a lease, and expects to have you continue to lease the equipment for a specified length of time.If you want out early, the "liquidated damages" are the amount you need to pay to be let out of the contract. The leasing company doesn't have to prove their actual damages; by signing the lease, the two parties have agreed that a specified amount is necessary and sufficient.A lease purchase contract is simply a lease that has a balloon payment at the end of the lease which purchases the equipment.


Who is responsible for repairs to a lease purchase house?

In most cases, the renter of the lease purchase house is required to do the repairs. The renter should do a full house inspection before signing their contract.


Is there a website that lets you buy one audio book without signing up for monthly payments?

Yes, websites like Google Play Books, Audiobooks.com, and Libro.fm allow you to purchase individual audiobooks without signing up for a monthly subscription. You can simply browse their selection, select the audiobook you want, and make a one-time purchase.


What were the main events in Thomas Jefferson's life?

Writing the Declaration of Independence Signing the Constitution Doubling the United States by purchasing the Louisiana Purchase.


When Is Justin Bieber Doing A Book Signing In The UK?

5th December 2010 But you have to purchase tickets! It's also a meet & Greet <3