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    College Accounting A Career Approach
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    Exam 12: Financial Statements, Closing Entries, and Reversing Entries
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    Land Would Appear on the Balance Sheet as
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Land Would Appear on the Balance Sheet as

Question 15

Question 15

Multiple Choice

Land would appear on the balance sheet as


A) a current asset.
B) a current liability.
C) part of property and equipment.
D) a long-term liability.
E) either a current asset or a current liability.

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