Multiple Choice
On May 15, 2010, R Co. purchased land for $150,000. R Co. intends to build a new headquarters building on that land in 2015. On May 15, 2010, R Co. considers the land a(an)
A) prepaid asset.
B) property, plant and equipment item.
C) expense.
D) short-term investment.
E) long-term investment.
Correct Answer:
Verified
Correct Answer:
Verified
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