Axis Company just bought a piece of land for $25,000. What a deal! The land next door was sold last month for $27,000. Axis immediately put the land back on the market for $29,000, but so far hasn't had any offers. This land would appear on Axis Company's balance sheet at a value of Click the answer you think is right. $27,000 $29,000 $25,000 nothing, because the land would be reported on the income statement, not the balance sheet Read about this Do you know the answer? No idea Think so Unsure I know it