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

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.                        

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

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