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

Question 9

Multiple Choice

Determine the proper classification(s) of a house owned and used by Rhonda as her insurance agency office.
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 II, III, and V are correct.
C) Only statements I and V are correct.
D) Only statement V is correct.
E) Only statement II is correct.

Correct Answer:

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