​Match the Accounting Terminology with Its Definition and Example

Multiple Choice

​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