The Ledger Account for Buildings Had a Balance of $520

question 25

Multiple Choice

The ledger account for buildings had a balance of $520 000 at the beginning of the year and a balance of $750 000 at the end of the year. If the buildings have been revalued upwards by $100 000 during the year what is the investing outflow for the period, for buildings, assuming no buildings were sold?

• A) $130 000
• B) $230 000
• C) $750 000
• D) $100 000

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Definitions:

Shortage

A situation where the demand for a product exceeds its supply at the current price, leading to a scarcity of the product in the market.

Supply Shift

A change in the quantity of a product or service that producers are willing and able to sell at all possible prices in the market.

Increase

A rise in quantity, value, or some other measure, indicating growth or gain in specifics.

Decrease

A reduction in quantity, size, or intensity of a specific variable or entity.