Which of the following factors does NOT represent an effect of corporate real estate ownership...

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Accounting

Which of the following factors does NOT represent an effect of corporate real estate ownership on corporate financial statements?
Multiple Choice
The book value of property on the balance sheet may not represent the actual market value.
The corporation's overall debt ratio may be reduced, and property is carried at book value but financed at market value.
Income represented on accounting statements may underestimate the actual cash flows provided by property.
The unrealized source of potential gain from the sale of property is not represented on annual income statements.
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