Which of the Following Is the Usual Progression for a Real

question 20

Multiple Choice

Which of the following is the usual progression for a real estate development project?

• A)Land acquisition,completion,management,sale,construction
• B)Land acquisition,construction,completion,management,sale
• C)Land acquisition,construction,completion,sale,management
• D)Land acquisition,management,construction,completion,sale

---

Definitions:

Reportable

Information or events significant enough to be disclosed in financial statements or to regulatory bodies.

Operating Segment

A component of a company that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same company.

Consolidated Assets

The total assets of a parent company and its subsidiaries, combined into one financial statement as if they were a single entity.

Asset Test

A measure of a company's liquidity, calculated by comparing its most liquid assets to its current liabilities.