A REIT or real estate investment trust may invest in all of the following EXCEPT

A) office buildings.
B) apartment complexes.
C) stocks of companies engaged in construction and building materials.
D) mortgages.

Answer: C

Business

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The government-wide Statement of Activities is a consolidated statement within columns.

a. true b. false

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If an appraiser was appraising a restaurant building, he would probably use the:

A: Market data approach; B: Cost approach; C: Income approach; D: All of the above.

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