Which of the Following Would Not Be Classified as Property,plant

question 48

Multiple Choice

Which of the following would not be classified as property,plant and equipment on a balance sheet?

• A)Land being held for resale.
• B)Equipment used in the manufacturing process.
• C)A building used as corporate headquarters.
• D)A natural resource being mined.

---

Definitions:

Pipe

A tube through which liquids or gases can be transported from one place to another.

Passenger Ship

A large vessel designed to carry people across water, often equipped with various amenities for comfort and entertainment.

Disaster

A sudden event, such as an accident or a natural catastrophe, that causes great damage or loss of life.

Titanic

A British passenger liner that sank in the North Atlantic Ocean in 1912 after hitting an iceberg, leading to significant loss of life.