Match the accounting terminology with its definition and example.Note: Answers may be used more than once.
-If an office building is bought for $700,000,this is what the amount you pay for it is called
A) accounts payable
B) assets
C) corporation
D) cost
E) economic entity assumption
F) liabilities
G) market value
H) monetary unit assumption
I) note payable
J) (paid-in) capital
K) partnership
L) proprietorship
M) retained earnings
N) stockholders' equity
Correct Answer:
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