18. In February 2008, Paula King invested an additional $10,000 in Hardy Company. Hardys accountant, Lance Jones,
Question:
18. In February 2008, Paula King invested an additional
$10,000 in Hardy Company. Hardy’s accountant, Lance Jones, recorded this receipt as an increase in cash and rev¬
enues. Is this treatment appropriate? Why or why not?
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Related Book For 
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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