8 Lucky Lee, a Videogame store in New York city, purchases a game machine directly from Taiwan for $30,000. In the U.S., the same machine will probably cost at least $36,000. Pick the most appropriate accounting action for Lucky Lee: Record the machine at $36,000 Record the machine at $30,000 Record the machine for [($30,000+$36,000)/2] = $33,000 Have the machine examined by an independent appraiser and record it at the appraised value 9.Which one of the following is an item of owners' equity? Bank loan Suppliers' monetary claims Prepaid expenses Earnings generated by the entity 10. Complete the following sentence: The Conservatism Concept directs an entity to consider recognizing a liability when it is absolutely certain economic resources may be sacrificed in the future remotely possible economic resources may be sacrificed in the future reasonably possible economic resources may be sacrificed in the future reasonably certain economic resources may be sacrificed in the future