One After the Other,if the Land Is Used for Two

question 8

Multiple Choice

One after the other,if the land is used for two or more different purposes then the type of useage is defined as

• A) Sequential use.
• B) Multiple use.
• C) Conservation.
• D) Restrictive zoning.

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Definitions:

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company's balance sheet.

Prepaid Expense

Payments made in advance for goods or services to be received in the future, recorded as an asset on the balance sheet until the expense is incurred.

Interest Revenue

Income earned from the lending of money or from investments in interest-bearing accounts.

Account Payable

An amount owed by an entity to a creditor for goods and services purchased on credit; considered a short-term liability.