If a company buys a building and the surrounding land for cash,total assets increase.

Name: If a company buys a building and the surrounding land for cash,total assets increase.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The purchase of a building and surrounding land for cash shifts the composition of the company's assets (from cash to property) but does not increase the total assets, as the outflow of cash equals the inflow of property value.

If a Company Buys a Building and the Surrounding Land