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5 September, 08:04

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

a. intangible asset

b. current asset

c. fixed asset

d. investment

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Answers (1)
  1. 5 September, 08:15
    0
    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.
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