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Yes, received cash investment from the owner is considered a source of asset transaction. When the owner invests cash into the business, it increases the cash assets of the company while simultaneously increasing the owner's equity. This transaction reflects a direct infusion of capital into the business, enhancing its financial resources.

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1mo ago

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What is an example of an asset source transaction?

examples og source of assets


Is Loaning money to another company through a promissory note an asset source transaction?

FALSE


When common stock is issued in exchange for an asset that is not cash the transaction should be recorded at?

When common stock is issued in exchange for an asset that is not cash, the transaction should be recorded at the fair market value of the asset received or the fair value of the stock issued, whichever is more clearly evident. If the fair value of both the stock and the asset can be determined, the transaction is typically recorded using the fair value of the asset. This ensures that the financial statements reflect an accurate representation of the value exchanged in the transaction.


What is the population of Arlington Asset Investment?

The population of Arlington Asset Investment is 2,009.


When was Arlington Asset Investment created?

Arlington Asset Investment was created in 1989.


What is boot value?

Boot value, often referred to in finance and accounting, represents the original cost of an asset minus any accumulated depreciation, amortization, or impairment costs. It reflects the asset's net book value on the balance sheet, indicating the amount that would be recoverable if the asset were sold. In the context of investment, boot value can also refer to additional value received in a transaction, such as cash or other assets, when exchanging one asset for another.


What is Arlington Asset Investment's motto?

Arlington Asset Investment's motto is 'Enjoy Your Good Fortune'.


The transaction would increase an asset account and increase a liability account?

The transaction would increase an asset account and increase a liability account?


What does the term debit and credit mean in book keeping?

In a financial transaction: * debits = What was paid for or gained. It can be an expense, an asset (something of lasting value) or it can be a reduction in a debt. * credits = What is the source of value. It can be income, an increase in debt or obligations (owner investment) or it can be a reduction in assets (cash or other assets)


What is the journal entry for sale the investment?

Cash ___, Drawing In the following simple example we are recognising a profit of $200. I have shown two slightly different ways of recognising this transaction, both with the same result. Cash Account (Asset)DR 1,000Proceeds on Disposal of Investment (P&L) CR 1,000Cost of Investments Disposed (P&L)DR 800Investments in JVs & Associates (Asset) CR 800Cash Account (Asset)DR 1,000Gain on Sale of Investment (P&L) CR 200Investments in JVs & Associates (Asset) CR 800


When two asset accounts are changed in a transaction there must be an increase and a decrease?

yes accounting equation is asset = liability +own's equity. the transaction is a decrease on account recceivable of asset and an increase on capital of asset. therefore, the equation is balanced.


What is the symbol for Arlington Asset Investment Corp in the NYSE?

The symbol for Arlington Asset Investment Corp in the NYSE is: AI.