The Cost of Land Includes All of the Following Except

question 175

Multiple Choice

The cost of land includes all of the following except

• A) real estate brokers' commissions.
• B) closing costs.
• C) accrued property taxes.
• D) parking lots.

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Definitions:

Deposits

Money placed into a bank account or with a financial institution for safekeeping.

Bank Statement

A formal accounting by a bank of the adding and subtracting activities that have occurred in one bank account over a stated period of time (usually a month).

Check Register

A personal record book or digital log used to track checks written, deposits made, and the current balance of a checking account.

Outstanding Deposit

A credit that hasn’t yet been recorded by the bank.