【单选题】Land was originallypurchased for $20, 000. It is sold for $65, 000 in cash. How does the sale affect the accounting equation?
A.
assets increase $65, 000; liabilities decrease $20, 000; owner's equity increases $45, 000
B.
assets increase $20, 000; no change for liabilities; owner's equity increases $55, 000
C.
assets increase $65, 000; owner's equity increases $65, 000
D.
assets increase $45, 000; owner's equity increases $45, 000
【单选题】If a parcel of land that was originally acquired for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, a...