An Owner Investment of Land Valued at $20,000 and a Building

question 85

Multiple Choice

An owner investment of land valued at $20,000 and a building valued at $55,000 into the business would include a:

• A)debit to the land and building account for $75,000.
• B)debit to the land account for $75,000.
• C)debit to the capital account for $75,000.
• D)debit to the building account for $55,000.

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Definitions:

Freedom of Conscience

The right to follow one's own beliefs in matters of religion and morality without undue governmental influence.

Industrial Waste

Refers to the waste produced by industrial activity, which includes materials that are rendered useless during a manufacturing process.

Polluting

Releasing harmful substances into the environment as a result of industrial or other activities.