Fences and parking lots are reported on the balance sheet as

a. current assets.
b. land improvements.
c. land.
d. property and equipment.

Answer: b. land improvements.

Business

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Which of the following drafts allows for a delay in payment?

A. Sight draft B. Time draft C. Bill of lading D. Counterpurchase E. Offset

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One of the "factors other than sex" that justifies lower wages for women under the Equal Pay Act

is that women are willing to work for less money than men are. Indicate whether the statement is true or false

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