The Cost of a New Building That Is Currently Under

question 202

Multiple Choice

The cost of a new building that is currently under construction,not for sale but for a company's own use,is reported on the balance sheet:

• A)as an asset called Work in Process.
• B)after construction is complete.
• C)as an asset called Construction in Progress.
• D)as a liability until construction is complete.

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Definitions:

Bandwidth

The transmission capacity of a network, stated in bits per second.

Bytes

A unit of digital information in computing and telecommunications that most commonly consists of eight bits, representing a binary number.

LAN

Local Area Network refers to a computer network that interconnects computers within a limited area such as a residence, school, or office building.

WAN

Wide Area Network, a telecommunications network that extends over a large geographical distance, used to connect different local area networks (LANs) to allow for communication between them.