Develop a brief answer to each of the following questions: 1. Why is it that land held
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Develop a brief answer to each of the following questions:
1. Why is it that land held for future use and equipment not currently used in the business are classified as investments rather than as property, plant, and equipment?
2. Which is the better measure of a company’s performance-income from operations or net income?
3. Why is it important to compare a company’s financial performance with industry standards?
4. Is the statement “Return on assets is a better measure of profitability than profit margin” true or false and why?
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1 They are classified as investments because they are not used in normal business operations and tha...View the full answer
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