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Buying land Question 17. Question : A debit is: An increase in an account The right-hand side of a T-account A decrease in an account The left-hand side of a T-account An increase to a liability account Question 18. Question : Risk is: Net income divided by average total assets The reward for investment The uncertainty about the expected return that will be earned from an investment Unrelated to expected return Question 19. Question : Which of the following statements best describes the relationship of U.S. GAAP and IFRS?