Which of the Following Statements About an Investment in Undeveloped

question 60

Multiple Choice

Which of the following statements about an investment in undeveloped land is false?

• A) An investor can elect to capitalize interest expense on a mortgage incurred to purchase the undeveloped land.
• B) An investor can elect to capitalize property taxes on undeveloped land.
• C) An investment in undeveloped land is considered a liquid asset.
• D) Gain recognized on the sale of undeveloped land held as an investment is capital gain.

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Definitions:

Assertive

Behaving confidently and forcefully to express one’s opinions and needs without infringing on the rights of others.

Aggressive

Behaving or acting in a forceful, hostile, or determined way, often to dominate or control others.

Communication Scholars

Academics and researchers who study the processes, modes, effects, and theories of verbal and nonverbal communication.

Apologizing

is the act of expressing regret or sorrow for wrongdoings, aiming to mend relations and acknowledge responsibility.