1. Which of the following transactions does not involve an exchange of value? a. b. c. d. Payment of a debt Purchase of a building on credit Borrowing money Loss from theft 2. The best definition of assets is the: a. cash owned by the company. b. resources belonging to a company having future benefit to the company c. collection of resources belonging to the company and the claims on these reso d. owner's investment in the business. 0