The Main Factor in Determining How Much One Plot of Land

question 79

Multiple Choice

The main factor in determining how much one plot of land is worth relative to another plot is

• A)its fertility.
• B)the average amount of rainfall.
• C)its location.
• D)None of the choices are true.

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Definitions:

Manufacturer/Dealer Lessor

A party that leases out the goods they manufacture or deal in, providing customers with access to assets without transferring ownership.

Leased Receivable

An asset account that represents amounts owed by lessees to the owner of leased property, under the terms of lease agreements.

AASB 16

An Australian accounting standard that introduces a single lessee accounting model, requiring lessees to recognize assets and liabilities for all leases.

IFRS 16

An International Financial Reporting Standard that provides guidance on accounting for leases, requiring lessees to recognize most leases on their balance sheets.