Question 9,10,11 please

QUESTION On March 1, 2013. a company sold a tract of land for $350.000 cash. The land was originally purchased for $200.000. Which of the following would occur on the date of sale for the company selling the land? Debit land for $200.000 Credit cash for $350.000 Debit loss on sale for $150.000 Credit gain on sale for $150.000 QUESTION 10 Which of the following governmental bodies is responsible for developing the accounting standards in the United States? FASB IASB SEC GAAP QUESTION 11 A company purchases a piece of equipment on 1/1/20Y1 for $35.000 on account. As a result of this transaction, choose the option that best represents the net effect on the financial statements Total equity increases Total liabilities decrease Total liabilities increase Total assets decrease