Question

Land acquired so it can be resold in the future is listed on the balance sheet as a(n)

Answer 1

Answer:

investment

Explanation:

An investment is a commodity or object purchased for the purpose of producing revenue or development. In a financial sense, an investment is really the buying of products which are not used now but used for wealth creation in the forward.

In finance, investment is a capital commodity acquired with the expectation that the commodity provides income in retirement or is being sold for profit at a better price later. In other terms, Investment is really the concept of putting capital to work to create or grow a company or plan or to acquire an estate, with the purpose of generating income or capital growth.