第二章A building is offered for sale at $500,000 but is currently assessed at $400,000. The purchaser of the building believes the building is worth $475,000, but ultimately purchases the building for $450,000. The purchaser records the building at （ ）
答案:$450,000
If the assets of a company increase by $100,000 during the year and its liabilities increase by $35,000 during the same year, then the change in equity of the company during the year must have been: （ ）
答案:an increase of $65,000
Net income will result during a time period when: （ ）
答案:assets exceed liabilities
Performing services on account will have the following effects on the components of the basic accounting equation: （ ）
答案:increase assets and increase equity
Which of the following events is not recorded in the accounting records? （ ）
答案:An employee is terminated.
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