Which of the Following Would Not Be Classified as Property

question 112

Multiple Choice

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

• A)Land held for investment.
• B)Equipment used in the manufacturing process.
• C)A building used as corporate headquarters.
• D)A natural resource being mineD.Land held as an investment would be reported on a balance sheet as an investment.

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Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Exploitation

The act of treating someone unfairly in order to benefit from their work or the use of resources without just compensation.

Karl Marx

A 19th-century philosopher, economist, and sociologist best known for his critique of capitalism and the development of Marxist theory.

Economic Value

The worth of a good or service determined by the benefit it provides juxtaposed with the cost of its production or acquisition.