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    Accounting Study Set 4
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    Exam 10: Long-Term Assets: Fixed and Intangible
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    Land Acquired So It Can Be Resold in the Future
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Land Acquired So It Can Be Resold in the Future

Question 102

Question 102

Multiple Choice

Land acquired so it can be resold in the future is listed on the balance sheet as a (n)


A) fixed asset
B) current asset
C) investment
D) intangible asset

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