Arrange the steps involved when a company acquires assets from a vendor and issues debentures as purchase consideration:
A. Agree on the purchase consideration.
B. Record the acquisition of assets and liabilities, creating a vendor liability.
C. Calculate the number of debentures to be issued based on the consideration and issue terms.
D. Pass the journal entry to issue debentures to the vendor, settling the liability.
1
A, B, C, D
2
A, C, B, D
3
B, A, C, D
4
C, A, B, D