181k views
0 votes
Market value of land_________
a)BS
b)IS
c)SE
d)CF

User GianFS
by
8.3k points

1 Answer

4 votes

Final answer:

The market value of land is recorded in the Balance Sheet because it is considered an asset. It would be listed under property, plant, and equipment, or as an investment if applicable.

Step-by-step explanation:

The question pertains to where the market value of land would be recorded in business accounting. The options provided are Balance Sheet (BS), Income Statement (IS), Statement of Equity (SE), and Cash Flow (CF). The market value of land is an asset, and assets are listed in the Balance Sheet under property, plant, and equipment if the land is being used for business purposes or as an investment property. Considering this, the correct answer is a) BS.

User Ffflabs
by
7.8k points

Related questions

1 answer
5 votes
76.2k views
asked Aug 13, 2024 189k views
Kumar KL asked Aug 13, 2024
by Kumar KL
7.1k points
1 answer
4 votes
189k views
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories