July 23, 2011
Week 3 GHA
E3-1B (Transaction AnalysisService Company) Brown is a licensed CPA. During the first
of operations of her business (a sole proprietorship), the following events and transactions
B E94 [Lower-ef-Costvohh'lsrketl The Imln" at 3T Commn}: on December 31I 331-1 conslsts of the
m follow 'Lrlg items.
:II Deten'ninlr the inventors as at Duombrril
a £1an Mequlsillon Cams ot' Realty] The tnlimr'lng expenditures and reeeipbl are related to land, land im-
provements and melding; acquired for use in a businessmterprise. The receiptsan: exam-d in parrnttaees.
tat tvlnney borrowed to pay building contrac