For each financial statement item listed below, identify the best description by selecting from items a through f below.You may use each letter more than once or not at all.Write the letter 'X' for each item for which no description is listed.
-The property part of property, plant, and equipment
A) Amount of net income or loss less distributions to the owners of the company
B) Must be settled within one year
C) Converted to cash within one year
D) Amount of owners' investment
E) Portion of equity to which dividends reduce
F) Land used as a site for production

Question

Quizplus · Accepted Answer

The property part of property, plant, and equipment is best described as land used as a site for production, which matches description F.

For Each Financial Statement Item Listed Below, Identify the Best