Which of the Following Is Included in the Cost of Land

question 55

Multiple Choice

Which of the following is included in the cost of land?

• A)The cost of clearing the land
• B)The cost of fencing
• C)The cost of paving
• D)The cost of outdoor lighting

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Definitions:

Annual Interest

The amount of interest due over the course of a year on borrowed capital or invested funds.

Accounting Profits

The difference between a company's total revenue and its explicit costs, not including opportunity costs.

Savings Account

A deposit account held at a bank or financial institution that pays interest but typically has limited transactions.

Loan

Borrowed money that is expected to be paid back with interest to the lender, according to agreed terms and conditions.