Martin Industries owns a parcel of land adjacent to its factory. In approximately 18 months, Martin intends to build a parking lot on this parcel. Martin prepares a classified balance sheet and has an operating cycle of less than one year. How would classification of this parcel be different if Martin had a two-year operating cycle?a. With a one-year cycle it is classified as an intangible asset, while with a two-year cycle it is classified as a current asset. b. With a one-year cycle it is classified as property, plant, and equipment, while with a two-year cycle it is classified as property, plant, and equipmentc. With a one-year cycle it is classified as a current asset, while with a two-year cycle it is classified as an intangible assetd. With the one-year cycle it is classified as a long-term investment, while with a two-year cycle it is classified as property, plant, and equipment

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.

Which career pathways require workers to train at special academies? a.emts and emergency dispatchers b.crossing guards and lifeguards c.police officers and firefighters d.lawyers and judges