When Land Is Purchased to Construct a New Building, the Cost

question 69

True/False

When land is purchased to construct a new building, the cost of removing any structures on the land should be charged to the building account.

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Definitions:

Content Validity

Refers to the extent to which a test measures all aspects of the content it's intended to cover.

Concurrent Validity

The extent to which test scores correlate with scores of an established test of the same construct administered at the same time.

Internal Consistency

The extent to which different test items that propose to measure the same general construct obtain similar scores.

Odd-even Reliability

A measure of internal consistency reliability, where a test is split into odd and even items and the scores are correlated.