Solution-How should these two tracts of land be reported

How should these two tracts of land be reported

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1. Burke Company has purchased two tracts of land. One tract will be the site of its new manufacturing plant, while the other is being purchased with the hope that it will be sold in the next year at a profit. How should these two tracts of land be reported in the balance sheet?

Reference no: EM131117931

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How should these two tracts of land be reported

Reference no: EM131117931

Reference no: EM131117931

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