Which of the Following Is Correct

question 93

Multiple Choice

Which of the following is correct?

• A)Although land has no production cost from society's viewpoint, rental payments are costs to individual producers.
• B)Land rent is not a cost to either society or individual producers.
• C)Although land rent is a cost from society's viewpoint, it is not a cost to individual producers.
• D)Land rent is a cost to both society and individual producers.

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Definitions:

Net Cash

An accounting term that represents the amount of cash remaining after all operating, investing, and financing activities are accounted for in a given period.

Operating Activity

Transactions and events related to the principal revenue-generating activities of an entity.

Investing Activity

Financial actions related to the purchase and sale of long-term assets and investments not included in cash equivalents.

Financial Activity

Transactions or events that affect the equity or debt of a company, including investments, financing, and distributing dividends.