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Land acquired so that it can be resold in the future is listed on the balance sheet as a(n) _______________, but land acquired for use
Land acquired so that it can be resold in the future is listed on the balance sheet as a(n) _______________, but land acquired for use in the operations of a business is listed on the balance sheet as a(n) _______________.
a. | current asset, long term asset. | |
b. | long term asset, investment. | |
c. | investment, long-term asset. | |
d. | property, plant, and equipment asset, intangible asset. | |
e. | none of the above |
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