Chapter 8 - Multiple Choice
Which of the following is not properly classified as property, plant and
a. Building used as a factory
b. Land used in ordinary business operations
c. A truck held for resale by an automobile dealership
d. Land im
I.MultipleChoice(2 points each, 30 points total) Read each
question carefully and indicate your answer by circling the
letter preceding the one best answer.
CH 17 , Page |1
CH 17 INVESTMENTS SELF-STUDY QUESTIONS
(note from Dr. N: I have deleted questions for you to omit, but did not renumber the remaining questions)
1. Trading securities are reported on the balance sheet at fair value.