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I am seeking some advice on a Balance sheet that was provided to me by one of my clients. I received a copy of the company's Balance sheet from 9/30/08 and then from 10/31/08 and I noticed that Paid in Captial had increased by over $100,000 as did their Equipment. The client received several pieces of large equipment in a law suit settlement a couple of months ago which explains the large increase to assets, but when I inquired as to why the Paid in Capital increased ~ the accountant told me "The equipment was added as contributed capital - increase in fixed assets and equity."

All the research I have done on capital only discuss additions to capital in the way of monetary contributions. Since when can added assets count towards increasing Paid in Captial?

Thanks for any advice you can provide!