On August 1,Red Company Purchased Computer Equipment for $10,000 Cash

question 70

Multiple Choice

On August 1,Red Company purchased computer equipment for $10,000 cash and also gave 100 shares of White common stock that Red Company held as an investment.The White common stock cost Red Company $5,000 and on August 1 had a fair value of $4,200.The installation costs for the computer equipment were $700 and shipping costs were $500.What amount should be the total amount debited to the computer equipment account?

• A)$14,200.
• B)$15,000.
• C)$15,400.
• D)$16,200.

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Definitions:

Married

A legally or formally recognized union of two people as partners in a personal relationship.

Living Apart Together

Living apart together describes a relationship model in which a committed couple decides to maintain separate residences while continuing to identify as a couple and maintain their intimate relationship.

Singlehood

Describes the state of being unmarried or not involved in a romantic relationship.

Cohabitation

The living arrangement in which an unmarried couple lives together in a long-term relationship that resembles a marriage.