Imagine a small company reported the purchase of a $10,000 piece of equipment with a...
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Accounting
Imagine a small company reported the purchase of a $10,000 piece of equipment with a debit to an expense instead of an asset (and a credit to Loan Payable). How would this adversely affect the financial statements? Why do you think a small company might do this? (a guess is ok). Is this ethical
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You can see the logs in the Dashboard.