Ask Question
BusinessBusiness
25 August, 14:28

When farmers rent land in order to increase crop production, they are acquiring capital.

a. True

b. False

+5
Answers (1)
  1. 25 August, 15:59
    0
    b. False

    Explanation:

    It is false because the monthly rent is registered as an expense and the property of the land is not part of the farmers' assets. Remember that assets must fulfil 2 conditions in order to be considered assets: The company has the right of the use of the asset (in this case the farmers don't have the right, the pay for it), and the can received economic benefits from it.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When farmers rent land in order to increase crop production, they are acquiring capital. a. True b. False ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Mary purchased 4 tires by mail order. She paid $57.60 per tire plus $4.30 per tire for shipping and handling. There is no sales tax, because the tires were purchased out of state. She also had to pay $7.58 per tire for mounting and balancing.
Answers (1)
An oligopolistic market structure is distinguished by several characteristics, one of which is market control by a few large firms. What are some other characteristics of this market structure? Check all that apply.
Answers (1)
Meaning is primary learners are not given other people's meanings to regurgitate there is a some sort of relationship to comparable real world activities task completion has some sort of priority the assessment of the task is in terms of outcome
Answers (1)
A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstanding. The journal entry to record the payment of the cash dividend is:
Answers (1)
Maria takes home $6900 per month. What is the maximum amount she can spend each month on loan and credit card payments without being in danger of credit overload? O A. $69 O B. $5520 O C. $1380 O D. $690
Answers (1)
New Questions in Business
Joel wants to buy his best friend a home audio system for his birthday. He initially visits a few electronics stores to look at different brands of audio systems and compare their prices.
Answers (2)
Camera Corner is considering eliminating Model AE2 from its camera line because of losses over the past quarter.
Answers (1)
Debeers sells most of the diamonds it produces to industry. the company controls over 90 percent of the market and has great power over its distributors. in its marketing channel, debeers would be considered a:
Answers (1)
What are the four types of patogens
Answers (2)
Are designed to summarize and report on the company's basic operations using data supplied by the transaction processing systems?
Answers (1)
Home » Business » When farmers rent land in order to increase crop production, they are acquiring capital. a. True b. False
Sign Up Forgot Password?