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I have a question about Assets and the order of Assets in terms of where they are placed on the Balance Sheet. Investment Funds/Investment in Stock. That is an Asset correct, and a Debit Account? Let's say you have that as an Asset for $56,000. Since there has to be an offsetting credit where would be record that offset?

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College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
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Author: HEINTZ, James A.
Publisher: Cengage Learning,
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