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Bullwinkle Co . acquired an adjacent vacant lot with the hope of selling it in the future at a gain. The lot is not intended

Bullwinkle Co $.$ acquired an adjacent vacant lot with the hope of selling it in the future at a gain. The lot is not intended to be used in Bullwinkle business operations. Where should such real estate be listed on the balance sheet? Please explain your answers and any provide any reference material used.

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