The amount that Beldon should capitalize as t<u>he cost of the land IS </u>
<u> $64,000
</u>
<u>
The amount that Beldon should capitalize as the cost of the new building.is </u> $517,000
Explanation:
Using the data from the question
Given that the
- <u>Land Purchase price</u> $60,000
- <u>
Demolition of old building</u> $2,000 ($ 4,000 - $2,000)
-
<u>Legal fees for title investigation of land </u>2,000
The amounts that Beldon should capitalize as t<u>he cost of the land IS </u>
<u> $64,000
</u>
<u>In case of New building
-The given data is </u>
-
Architect’s fees (for new building) 12,000
- Construction costs 500,000
- Interest on construction loan 5,000
<u>
The amounts that Beldon should capitalize as the cost of the new building.is </u> $517,000
<span>1. Which of the following is not characteristic of a corporation?
d. Corporations are required to file federal income tax returns.
2. Characteristics of a corporation include
d. Shareholders who have limited liability
3. One of the main disadvantages of the corporate form is the
b. Double taxation of dividends
4. Under the corporate form of business organization
a. Ownership rights are easily transferred.
5. Those most responsible for the major policy decisions of a corporation are the
b. Board of directors.
6. Stockholders' equity
d. Is shown on the income statement
7. The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?
b. Investor expectations of the corporation's earning power
8. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheet?
b. Stock Dividends
9. The excess of issue price over par of common stock is termed a(n)
d. Premium
</span>
Answer:
The internet.
Explanation:
The internet refers to a vast, global system of interconnected computer networks.
There's a standard framework for the transmission of informations on the internet, it is known as the internet protocol suite or Transmission Control Protocol and Internet Protocol (TCP/IP) model. One of the very basic rule of the TCP/IP protocol for the transmission of information is that, informations are subdivided or broken down at the transport layer, into small chunks called packets rather than as a whole.
Hence, the standard Internet communications protocols which allow digital computers to transfer (prepare and forward) data over long distances is the TCP/IP suite.
Additionally, WWW simply means World Wide Web. The World Wide Web was invented by Sir Tim Berners-Lee in 1990 while working with the European Council for Nuclear Research (CERN); Web 2.0 evolved in 1999. Basically, WWW refers to a collection of web pages that are located on a huge network of interconnected computers (the Internet). Also, users from all over the world can access the world wide web by using an internet connection and a web browser such as Chrome, Firefox, Safari, Opera, etc.
Answer:
The answer is: People variable
Explanation:
In a traditional 4 Ps marketing mix (price, product, place & promotion), customer services is not dealt with appropriately. A more modern approach, called the 7 Ps of Service Marketing adds the process, people and physical evidence variables.
People variable refers to the task individuals perform to support the product. They include service providers, customer service, marketers, etc.
This more modern approach (proposed in 1981) is mostly used for selling services, but has gained importance with more modern and technical products.
Answer: Please see answer in explanation column
Explanation:
Using the cost method, treasury stock is credited for cost of the shares when it is reissued, while Cash is debited for amount received. Also, additional paid-in capital from treasury stock will be credited to show the difference.
journal entry to record the issuance of 3000 shares in year 9
Date Account Debit Credit
Year 9 Cash (3,000x $50) $150,000
Treasury stock (3,000x$36) $108,000
Additional paid-in capital- treasury stock $42,000
( $150,000 - 108,000)
