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Question: Sam Williams is an investor (stockholder with shares) in Johnsons Carpet Cleaning Service. Sam...

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Accounting

Question: Sam Williams is an investor (stockholder with shares) in Johnsons Carpet Cleaning Service. Sam Williams purchased a personal automobile for $10,000 cash plus he took out a loan for $20,000 in his name. Describe how this transaction is related to the business entity concept.

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