Which of the Following Would Be Classified as Investment Property

question 2

Multiple Choice

Which of the following would be classified as investment property under IAS40?

• A)Retail premises leased from the entity by shopkeepers
• B)Retail premises owned by the entity
• C)Retail premises leased to an agent who leases them to shopkeepers
• D)Retail premises under construction & for subsequent sale

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Definitions:

Continental Collision

The process where two continental tectonic plates collide, often resulting in mountain building.

Rifting

The process by which the Earth's crust breaks apart, often associated with the formation of new ocean basins and continental breakup.

Continental Crust

The substantially dense segment of Earth's crust which constitutes the major continents, typically being older and more intricate compared to the crust found beneath the oceans.

Ocean-Continent

This term is incomplete without further context, but generally refers to geological processes or interactions taking place between oceanic and continental plates.