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Linda Blye opened Cardinal Window Washing Inc. on July 1, 2010. During July the following transactions were completed. July 1 Issued 11,000 shares of common stock for $11,000 cash. July 1 Purchased used truck for $9,000, paying $2,000 cash and the balance on account. July 3 Purchased...
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A company is incorporated but has not been active for a couple of years .The owner wants to close the company down since it is just costing money for business taxes etc . There is an asset -a building .Can this building be shown at fair market value & then the loss claimed as a business investment... View more questions Search
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