Solved

Determine the Proper Classification(s) of a House Owned and Used

Question 40

Multiple Choice

Determine the proper classification(s) of a house owned and used by John as his principal residence.
I.Personal use property.
IV.Intangible property.
II.Business use property.
V.Real estate.
III.Tangible property.
VI.Personal property.


A) Statements I, III, and V are correct.
B) Statements I, III, and VI are correct.
C) Only statement I and V are correct.
D) Only statement V is correct.
E) Only statement I is correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions