An Owners' Investment of Land and a Building into the Business

question 47

Multiple Choice

An owners' investment of land and a building into the business would include a:

• A) debit to Land and a credit to Common shares
• B) debit to Land and a credit to Building
• C) debit to Common shares and a credit to Building
• D) debit to Building and a debit to Common shares

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Definitions:

Chemical Elements

Substances that cannot be chemically broken down into simpler substances and are the primary constituents of matter.

DNA

The molecule that encodes genetic information in the nucleus of cells, determining the structure, function, and behavior of living organisms.

Junk DNA

A term formerly used to describe portions of the DNA sequence that do not encode for proteins, though many such regions are now known to have regulatory functions.

Gene Function

The specific biological role or activity of a gene product (either RNA or protein), which can influence an organism's traits and is essential for understanding genetics and molecular biology.