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Anna007 [38]
3 years ago
12

Mason Corporation purchased a piece of land 5 years ago when the price of land was low. It plans to develop the land into a new

facility when their current facility reaches its production limit, which it estimates will be in 4 years. On their classified balance sheet, Mason Corporation would classify this land as
A. property, plant, and equipment.
B. an intangible asset.
C. a long-term investment.
D. a current asset.
Business
1 answer:
g100num [7]3 years ago
8 0

Answer:  A long term investment

Explanation: In simple words, those assets which are purchased by an organisation with the intent of holding them for more than one year are called long term assets.

Mason is holding the land for five years. Hence, we can say that the land will be classified as long term investment.

It could have been considered as property, plant and equipment but the new facility has not been made yet.

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mylen [45]

Answer:

$54.35

Explanation:

The computation of the price per share of the common stock is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

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= $3.23 + 0.13566

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And, the other items would remain the same

So, the price per share is

= $3.37 ÷ (10.4% - 4.2%)

= $3.37 ÷ 6.2%

= $54.35

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Anchor Company purchased a manufacturing machine with a list price of $93,000 and received a 2% cash discount on the purchase. T
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Answer:

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svetlana [45]

Answer:

Demand schedule:

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A demand curve refers to the graphical representation of the demand schedule which shows the relationship between the price of the commodity and the quantity demanded for that commodity. It is downward sloping curve which shows that there is an inverse relationship between the price of a good and the quantity demanded.

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