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notsponge [240]
3 years ago
8

A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office bu

ilding: Purchase price of the land $ 570,000 Sale of salvaged parts already on land $ 23,000 Demolition of the old building $ 33,000 Ground-breaking ceremony (food and supplies) $ 2,100 Land preparation and leveling $ 7,300 What amount should be recorded for the purchase of the land
Business
1 answer:
Gwar [14]3 years ago
4 0

Answer:

$582,100

Explanation:

Cost of land                  $570,000

Less;Salvage parts sold ($23,000)

Demolition of old building   $33,000

Land preparation and leveling $2,100

Total cost of land                       $582,100

The ground breaking ceremony expenses are not capital expenditures therefore ignored in above working.

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select all of the following that are companies that paid dividends for 100 consecutive years. a. bp b. stanley works c. corning
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The companies that paid dividends for 100 consecutive years is: b. Stanley Works c. Corning Glass Works, d. Pullman, Inc.

<h3>What is dividend?</h3>

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7 0
1 year ago
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Answer:

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Explanation:

Price gouging is charging unnecessarily high prices for goods if they are in high demand in market. From a sellers perspective its profitable because he/she is able to get more profits on a good and because the goods have a high demand the goods will eventually be sold even on a high price.

From a consumers perspective if the good is a basic need and the consumer is paying high price for it, this can be frustrating but the consumer will have to buy it. If the commodity is not a basic need then the consumer can just stop buying that good and can substitute any other good.

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