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Lera25 [3.4K]
4 years ago
10

Benson Co. purchased land and paid the full purchase price in cash. The journal entry necessary to record this event includes a:

A. debit to Land and a debit to Cash. B. debit to Cash and a credit to Land. C. credit to Land and a credit to Cash. D. debit to Land and a credit to Cash.
Business
1 answer:
Annette [7]4 years ago
5 0

Answer:

A. debit to Land and a debit to Cash.

Explanation:

Land, an asset, is increased with a debit, and cash, another asset is decreased with a credit.

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On September 1, 2018, Drill Far Company purchased a tract of land for $2,300,000. The land is estimated to have a salvage value
kipiarov [429]

Answer:

$562,500

Explanation:

Depletion expenses = Land expenses

Depletion expenses = [$2,300,000 - $50,000 / 4]

Depletion expenses = $2,250,000 / 4

Depletion expenses = $562500

So, the depletion expense recorded for 2018 is $562,500

6 0
3 years ago
Ayayai Corporation reported net cash provided by operating activities of $345,000, net cash used by investing activities of $145
Furkat [3]

Answer:

the free cash flow is $145,000

Explanation:

The computation of the free cash flow is given below:

The free cash flow is

= cash flow from operating activities - capital expenditures

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hence, the free cash flow is $145,000

The same should be considered and relevant

5 0
3 years ago
Outline the key principles of the four drive theory of motivation....
topjm [15]
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After analyzing his business venture, Jim chalked out a business plan, which included maintaining a high liquidity to cover any
shepuryov [24]

Answer:

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4 0
3 years ago
Which organization, established in 1946, primarily serves to loan funds to underdeveloped and developing nations, where the fund
klio [65]

International bank for reconstruction and development was formed

primarily serves to loan funds to underdeveloped and developing

nations.

<h3>What is a Loan?</h3>

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Developed nations established International bank for reconstruction and

development in 1946 to loan funds to underdeveloped and developing

nation. The funds are used to finance projects ranging from road and

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Read more about International bank for reconstruction and development

here brainly.com/question/9882243

7 0
3 years ago
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