GAAP comic strip

GAAP comic strip

More Options: Make a Folding Card

Storyboard Description

This storyboard does not have a description.

Storyboard Text

  • Oh no! the company crane got broken! We need to buy some new equipment.
  • I know where we can buy some!
  • We need to buy a new crane for our business
  • Okay, that will be $200,000
  • Since the cost of the crane is $200,000, the equipment will be recorded at the same price
  • wait a second...
  • Of course, accounting for purchases must be recorded at their cost price.
  • You guys must of learned about the GAAP rule of the cost principle!
  • Thank you!
  • Your new crane is just outside, enjoy the rest of your day!
  • Good thing we learned the cost principle
  • Now we can get back to work!
More Storyboards By karob0097
Explore Our Articles and Examples

Try Our Other Websites!

Photos for Class – Search for School-Safe, Creative Commons Photos (It Even Cites for You!)
Quick Rubric – Easily Make and Share Great-Looking Rubrics
abcBABYart – Create Custom Nursery Art