You are the Owner of Company A..
Company A received the following contributions to the business from the owner (you) when it was started in exchange for 1000 shares in Company A:
Building $21000, Tools and Equipment $17000, Cash $1000, Land $20000
Is that legal/ethical/allowed to be recorded in that way?
Company A received the following contributions to the business from the owner (you) when it was started in exchange for 1000 shares in Company A:
Building $21000, Tools and Equipment $17000, Cash $1000, Land $20000
Is that legal/ethical/allowed to be recorded in that way?