1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gtnhenbr [62]
3 years ago
12

If a company is considering the purchase of a parcel of land that was acquired by the seller for $90,000 is offered for sale at

$160,000, is assessed for tax purposes at $100,000, is considered by the purchaser as easily being worth $150,000, and is purchased for $147,000, the land should be recorded in the purchaser's books at
Business
1 answer:
Lelechka [254]3 years ago
8 0

Answer:

$147,000

Explanation:

According to the historical cost principle, the assets of the company should be recorded at the purchase price or acquisition price in the financial statements

Since in the given situations many values are given with respect to the acquisition done by the seller, for tax turquoises, etc

But it is recorded at the purchase price i.e $147,000

You might be interested in
What was the result of developed countries extracting resources from their colonies?
saul85 [17]

Answer: D. There was a one-way flow of wealth favoring the colonizers.​

Explanation:

With the Colonists simply taking resources and not paying the colonies for it, there was a one way flow of wealth which favored them alone. Had the colonists paid for the goods and then processed them for resale (as developed countries do now), there would have been at least some sort of wealth flowing back to the colonies for the resources they possessed. The Colonists were essentially not paying for raw material inputs for production and simply reaped all the benefits after processing.

5 0
3 years ago
Read 2 more answers
Consider a firm with an EBIT of $500,000. The firm finances its assets with $2,000,000 debt (costing 6 percent) and 50,000 share
Schach [20]

Answer:

EPS is reduced by $1.92 and 42%

Explanation:

EBIT                      $500,000

Interest Expense ($120,000)     ($2,000,000 x 6%)

EBT                       $380,000

Tax 40%               <u>($152,000)</u>

Net Earninig         <u>$228,000</u>

Outstanding stock = 50,000

EPS = $228,000 / 50,000 = $4.56 per share

Change in Capital Structure.

EBIT                      $500,000

Interest Expense ($60,000)     ($1,000,000 x 6%)

EBT                       $440,000

Tax 40%               <u>($176,000)</u>

Net Earninig         <u>$264,000</u>

Outstanding stock = 50,000 + 50,000 = 100,000

EPS = $264,000 / 100,000 = $2.64 per share

Change in EPS = $4.56 - $2.64 = $1.92 per share

Change in EPS = $1.92 / $4.56 = 0.42 = 42%

5 0
3 years ago
A(n) ________ is defined as a distinct unit within a brand or product line distinguishable by size, price, appearance, or some o
PSYCHO15rus [73]

Answer:

The correct answer is stockkeeping unit.

Explanation:

In the field of inventory management, an inventory maintenance unit or SKU refers to a specific item stored in a certain place. The SKU is considered the most disaggregated level when talking about inventory. It is assumed that the units stored in the same SKU are indistinguishable. The introduction of the SKU concept simplifies most inventory control operations. SKUs are sometimes used to designate intangible items, as guarantees; however, in this article we will focus on SKUs that designate tangible items.

8 0
3 years ago
Review the various strategies and assemble the strategies on the continuum from left to right in the order of magnitude from lea
sertanlavr [38]

Answer:

Following are the solution to this question:

Explanation:

In part A:

The following were it's less to one of the most foreign enterprises for businesses by using danger, contribution, and command.

  • Licenses
  • Exports
  • Franchises
  • Fabrication of contracts
  • Joint Undertaking/Strategic Arrangement
  • Specific Foreign Profits

In part B:

KFC- franchise

US Bank — Foreign Direct Investment

Soup by Campbell—Joint Venture/Strategic Alignment

Budweiser  Licensing

Exportation of international clients

Cell phone US —Manufacture of contracts

3 0
2 years ago
Assume an increase in global agricultural production of food due to technology while global population remains the same. Due to
MA_775_DIABLO [31]

Answer:

The equilibrium price falls and quantity increases

Explanation:

When the supply of food rises without a corresponding increase in demand , there would be an excess supply.

When there's excess supply, prices fall and the quantity produced rises.

I hope my answer helps you

6 0
3 years ago
Other questions:
  • You are a collector of antique coins. you purchase a silver dollar minted in 1898. is this sale included in gdp for the current
    5·1 answer
  • "925,000" jackson county senior services is a nonprofit organization devoted to providing essential services to seniors who live
    12·1 answer
  • The following unit data were assembled for the assembly process of the Super Co. for the month of June. Direct materials are add
    7·1 answer
  • Which project type creates a competitive advantage that enables the organization to earn a greater than normal return on investm
    8·1 answer
  • Milano Gallery purchases the copyright on an oil painting for $510,000 on January 1, 2017. The copyright legally protects its ow
    5·1 answer
  • Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,300 of dir
    8·1 answer
  • Which of the following is true of applications for employment?
    15·2 answers
  • Umay oh ito para sa mga taong di makuha si CRUSH
    14·2 answers
  • Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision
    8·1 answer
  • how do free cash flows available for debt and equity stakeholders differ from free cash flows available for common equity shareh
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!