Which of the Following Assets Is not Properly Classified as Property

question 88

Multiple Choice

Which of the following assets is not properly classified as property, plant, and equipment?

• A)A building used as a factory
• B)Land used in ordinary business operations
• C)A truck held for resale by an automobile dealership
• D)Land improvements, such as parking lots and fences

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Definitions:

Poverty Threshold

The essential level of earnings required to live a decent life in a certain country.

Wage Earner's

Individuals whose income is derived primarily from their employment salary or wages.

Family Composition

The makeup or structure of a family, including the number of members, their relationships to each other, and their roles within the family unit.

Mean Household Income

The average income per household within a specified geographic location, calculated by dividing the total income of all households by the number of households.