asked 232k views
2 votes
100 POINTS PLEASE HELP A business buys equipment with $150 cash and puts $425 on credit. What is the value of this asset?

A. $275
C. $575
B. $150
D. $425

asked
User Hugs
by
7.9k points

1 Answer

2 votes

Answer:

The correct answer is C. $575. The business bought equipment with $150 cash and put $425 on credit, so the total value of the asset is $575 ($150 + $425).

answered
User Pseudoremy
by
7.6k points
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