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GarryVolchara [31]
2 years ago
13

True or false: The cost of land owned by a business is recorded in the Land account and this account is classified as an expense

.
Business
2 answers:
astraxan [27]2 years ago
8 0

Answer: False

Explanation: The reason to this statement being false is because land is an asset account.

Vedmedyk [2.9K]2 years ago
4 0

Its is true that the cost of land owned by a business is recorded in the Land account and this account is classified as an expense.

<h3>What is an expense?</h3>

An expense is referred to as the operating cost or capital of a business. It is all the money spent in the production process.  It is recorded in the income statement.

This includes the cost of purchasing land used for the business.

Therefore, the cost of land owned by a business is recorded in the Land account and this account is classified as an expense.

For more details on expense kindly check

brainly.com/question/25530648

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Which employees may be at risk of losing their jobs when the political party in power changes? Check all that apply.
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At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for
Shkiper50 [21]

Answer:

335.43 million gallons

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

PED = -1.9% / 10% = -0.19, very inelastic

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quantity demanded will decrease by 2.49%, from 344 million gallons to 335.43 million gallons

8 0
3 years ago
Question 1 of 10
dolphi86 [110]

Answer:

B. A receipt.

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A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.

5 0
2 years ago
College football​ attendance, especially student​ attendance, has been on the decline. In​ 2016, home attendance at major colleg
puteri [66]

Answer:

Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:

A) higher, because more games are televised today.

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In this case, when college students attend college football games they are unable to do other activities, not only while they are at the stadium or going to the stadium, but they are not able to purchase other goods. The cost of those alternatives that are lost are higher now because many college football games are televised now, before if you wanted to see a game you had to go to the game. So a student is now able to watch the game while doing other activities, or saving money for buying something else.

Can this change in opportunity cost account for the decline in college football​ attendance?

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Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?

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3 years ago
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