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Which of the following would be treated as part of a business activity? A. Land and buildings acquired for use in a business. B. An

Which of the following would be treated as part of a business activity?

  • A. Land and buildings acquired for use in a business.
  • B. An automobile acquired for resale by a car dealer.
  • C. Office equipment acquired for use in a home office by a self-employed individual.
  • D. A house constructed as the principal residence by its owner.

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