Question

is capital current or non current asset?​

Answer 1

Answer:

The account Contributed Capital is part of stockholders' equity and it will have a credit balance. ... If a corporation receives equipment in exchange for newly issued shares of stock, the noncurrent asset Equipment will increase and Contributed Capital will increase.

Answer 2

Answer:

The account Contributed Capital is part of stockholders' equity and it will have a credit balance. ... If a corporation receives equipment in exchange for newly issued shares of stock, the noncurrent asset Equipment will increase and Contributed Capital will increase.

Explanation:

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