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2 years ago

N the most commonly used land appraisal form, which is not one of the line items that are listed for adjustment?

Business

1 answer:

Yuri [45]2 years ago

6 0

In the most commonly used land appraisal form, shape is not one of the line items that are listed for adjustment.

<h3>What is land appraisal?</h3>

Creating a value opinion for real property is known as real estate appraisal, property valuation, or land valuation (usually market value). Unlike corporate stocks, which are exchanged everyday and are identical, real estate transactions are uncommon and each property is unique (especially their condition, a crucial determinant in valuation). As a result, real estate transactions usually require evaluations. Another important factor in valuation is the location. However, as real estate cannot be moved, its value is frequently affected by renovations or enhancements made to the house. Mortgage loans, resolving estates and divorces, paying taxes, and other financial transactions all depend on appraisal reports. An appraisal report may occasionally be used to determine a property's sale price.

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Once a company has prepared an adjusted trial balance it is ready to prepare financial statements. Which financial statement is

Sloan [31]

Answer:

Explanation:

There is a sequence of preparing statements of financial statements because some statements use information from other statements of financial position. The income statement does not require information from any other statements. The retained earnings need information from income statement to calculate current retained earnings. The balance sheets require information from statement of retained earnings(retained earnings for this period).

8 0

3 years ago

During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $24,000. On the date of delivery, January 2,

oksian1 [2.3K]

Answer:

Explanation:

January 1 Assets - no effect; Liabilities - no effect; Stockholder's equity - no effect

January 2 Assets: Cash -$8000; Equipment + $24000

Liabilities: Short term note payable +$16000

January 3 Assets: Cash -$700; Equipment +$700

January 5 Assets: Cash -$2500; Equipment +$2500

July 1 Assets: Cash -$16720; Liabilities: Short term note payable - $16,000

Stockholders equity - $720

*(24,000-8,000)*0.09*6/12 = $720

2. Acquisition cost of the machine:

Cash paid $8,000

Note payable with supplier $16,000

Freight costs $700

Installation costs $2,500

Acquisition cost $27,200

3. Depreciation(2013) = ($27,200 - residual value of $3,200) *1/10= $24,000/10 = $2400

5. Equipment cost = $27,200

Less: Depreciation [$2400*2] $4800

net book value of the machine at the end of 2014 $22,400

6 0

3 years ago

Read 2 more answers

When comparing economic, political, and environmental push and pull factors, which of the following is most accurate?

lapo4ka [179]

I had to look for the options and here is my answer. In the comparison of political, economic and environmental push and pull factors, we can say that the statement that shows accuracy related to this is this: "the most common environmental push factor is water." (This answer is based on the actual options attached to this question.)

4 0

3 years ago

FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving

Deffense [45]

The proposed response of Adam Smith based on each scenario is given below:

<h3>Scenario 1</h3>

He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.

<h3>Scenario 2</h3>

He would side with the free market system and be an opponent of the law that frowns on importation.

<h3>Scenario 3</h3>

He would support the suspension of the antitrust laws.

<h3>Scenario 4</h3>

He would believe that markets should not be regulated and the free market system should continue.

<h3>Who is Adam Smith?</h3>

He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product

Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.