Answer:
The cost of land to be reported is $174,750
Explanation:
The cost of land reported in the Balance sheet does not only include the price paid to acquire the Land but also include any costs/revenue received in the processes, activities needed to bring the land to the stage in which it may be ready for usage.
Thus, besides the price paid which is $140,000 ( $90,000 cash and $50,000 short-term note), we have to add-up all the relevant costs including Legal fees, delinquent taxes, Removal of old building expenses and deduct the material salvaged gain from demolition of old building. The construction cost of new warehouse is irrelevant here as without this cost, the Land is already in a ready-to-use stage ( i.e: for building new property in the Land)
So, the amount of Cost of Land to be reported is : 140K + 1,75K + 25K + 9K - 1K = $174,750
Answer:
a.Reference pricing
Explanation:
Reference price is the price at which a store owner sells a particular product, giving a hefty discount compared to its previously price. Its aim is to get more customers and increase competition.
The statement that is not the about foreign corrupt practices act is In an unstable political environment, payments made to local officials to avoid harassment of employees are acceptable.
<h3>Foreign Corrupt practices</h3>
The Foreign Corrupt Practices Act was established on 1977 in United States . It is a United State federal law that prohibits U.S. citizens from offering payment for business or bribing foreign government officials to benefit their business interests and retain businesses.
Citizens should not offer any payment to foreign officials for their business.
Therefore, The statement that is not the about foreign corrupt practices act is In an unstable political environment, payments made to local officials to avoid harassment of employees are acceptable.
Learn more on Foreign corrupt practices act from the link below.
brainly.com/question/8211495
Answer:
A. It is the income foregone by not using a resource in an alternative way.
Explanation:
Opportunity cost is the income foregone by not using a resource in an alternative way.
Opportunity cost is refers to the value of what you have to give up in order to choose something else. It can also be called REAL COST.
It also refers to the value or benefits of something that must be given up in order to acquire another thing.
