17. The basic accounting equation can be expressed as A) Assets Revenues+ Stockholders Equity B) Assets Liabilities + Stockholders Equity C) Assets Revenues - Expenses D) Assets Liabilities+ Net Income 18. If a buyer takes advantage of the discount offered by the seller by paying within the discount pe then A) the discount increases the cost of the inventory that was purchased B) the discount decreases the cost of the inventory purchased C) the discount is recorded as a revenue D) the discount is recorded as an expense 19. Treasury stock is considered A) an income statement account B) a revenue account C) a contra asset account D) a contra stockholder's equity account 20. A book value of a tangible long lived asset is A) Cost- Accumulated Depreciation B) Cost-Salvage value C) Cost+Accumulate Depreciation D) Cost+ Salvage value