Which of the following statements about an investment in undeveloped land is false?
A. An investment in undeveloped land is considered a liquid asset.
B. An investor can elect to capitalize property taxes on undeveloped land.
C. Gain recognized on the sale of undeveloped land held as an investment is capital gain.
D. An investor can elect to capitalize interest expense on a mortgage incurred to purchase the undeveloped land.
Answer: A
You might also like to view...
Which of the following is the best source of for industry-level information?
A) company collateral B) a company website C) press releases D) trade publications
The operations manager of a body and paint shop has five cars to schedule for repair. He would like to minimize the throughput time (makespan) to complete all work on these cars. Each car requires body work prior to painting
The estimates of the times required to do the body and paint work on each are as follows: Car Body Work (Hours) Paint (Hours) A 8 7 B 9 4 C 7 9 D 3 4 E 12 5 (a) Use Johnson's rule to sequence these five jobs for minimum total duration. Show your work in determining the job sequence. (b) The optimal sequence is ________. (c) Chart the progress of the five jobs in this optimal sequence. (d) After how many hours will all jobs be completed? Fill in the blanks with correct word
What is the fill rate under this policy?
A) 0.9398 B) 0.9833 C) 0.9921 D) 0.9998
________ are numbers equally likely to be chosen from a large population of numbers
Fill in the blank with correct word.