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sashaice [31]
3 years ago
9

intext:"If a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for

sale at $150,000, is assessed for tax purposes at $95,000, is considered by the purchaser as easily being worth $140,000, and is purchased for $137,000, the land should be recorded in the purchaser's books at"
Business
1 answer:
valkas [14]3 years ago
8 0

Answer:

the seller must record the land at the purchase price = $137,000

Explanation:

Fixed assets like land must always be recorded at historical cost. This is specially important regarding land because it doesn't depreciate and its carrying value will always be the purchase cost since it cannot be adjusted if the fair market value changes.

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1. Would you be inclined to take legal action against your employer if you felt strongly
Amanda [17]

Yes I would be inclined to take legal action against an employer that has violated my legal rights.

<h3>What does the term legal right mean?</h3>

This is the term that has to do with the rights of a person that is recognized by the law of the land and the right that the law also helps to safeguard.

A person that tramples on the legal tights of a person deserves to receive legal actions because it shows that such a person does not have respect for others.

Read more on legal action here: brainly.com/question/9524284

#SPJ1

4 0
2 years ago
During the year,Liptom Company made an entry to write off a $4,000 uncollectible account. Before this entry was made, the balanc
Andru [333]

Answer:

$55,500

Explanation:

The computation of the net realizable value after the write off entry is show below:

The credit balance in allowance with terms to bad debts is

= $4,500 - $4,000

= $500

Now the net realizable value is

= ($60,000 - $4,000) - ($4,500 - $4,000)

= $56,000 - $500

= $55,500

Hence, the same is to be considered

7 0
3 years ago
in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population
Alchen [17]

Answer:

in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population of the villagers is not more than 6000, find the actual number of boys, girls, women and men​

Total population= <6000

10/100x6000= 600

girls = 600

boys= 660

15/100x6000= 900

women= 990

men= 900

20/100x6000=1200

children= 1240

adult= 1200

Explanation:

5 0
3 years ago
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does no
Sunny_sXe [5.5K]

<u>Answer:</u>

  • BEP = EBIT / Total Assets

BEP = $2,451 / $43,000 = 0.057

  • Profit Margin = Net Profit / Sales

Profit Margin = $990 / $51,600 = 0.0192

  • Operating Margin = Operating Profit / Sales

Operating Margin = $2,451 / $51,600 = 0.0475

  • Dividends per share = Dividend paid to Shareholders / Number of shares outstanding

Dividends per share = $346.67 / $500 = 0.69334

  • EPS = Net Income available to Shareholders / Number of shares outstanding

EPS = $990 / $500 = $1.98

  • P/E ratio = Market price per share / EPS

P/E ratio = $23.7 / 1.98 = 11.97

  • Book value per share = Shareholders Equity / Shares outstanding

Book value per share = $15,265 / $500 = $30.53

  • Market-to-book ratio = Market Value per share / Book value per share

Market-to-book ratio = $23.7 / S30.53 = 0.7763

  • Equity Multiplier = Total Assets / Shareholders Equity

Equity Multiplier = $43,000 / $15,265 = 2.82

5 0
3 years ago
Economic growth and public policy Suppose Vaabo, a Finnish-owned auto manufacturer, builds a production facility in Kentucky. Th
Yakvenalex [24]

Answer:

The correct word for the blank space is: direct.

Explanation:

Foreign Direct Investment is a type of cross-border investment to create a lasting interest that a resident company based in one country could have in a company operating in another. Lasting interest implies a substantial degree of interest in the company's management as well as establishing a long-term relationship between the direct investor and the direct investment business.

7 0
3 years ago
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