Wang Office Equipment Co. has a fleet of automobiles and tmcks for use by salespersons and for
Question:
Wang Office Equipment Co. has a fleet of automobiles and tmcks for use by salespersons and for delivery of office supplies and equipment. Lake City Auto Sales Co. has automobiles and trucks for sale. Under what caption would the automobiles and trucks be reported on the balance sheet of
(a) Wang Office Equipment Co.,
(b) Lake City Auto Sales Co.?
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Related Book For 
Financial Accounting
ISBN: 9780324188035
9th Edition
Authors: Dr Carl S. Warren, Dr James M. Reeve, Philip E. Fess
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