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notsponge [240]
4 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]4 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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3 years ago
The project will require an initial investment of $20,000, but the project will also be using a company-owned truck that is not
Alla [95]

Answer:

c. Increase the amount of the initial investment by $12,000.

Explanation:

The amount of investment has to be increased by $12,000 because the truck constitutes an investment into the project and this should be accounted for

3 0
3 years ago
An increase in interest ratesA. increases investment spending on​ machinery, equipment,​ factories, consumption spending on dura
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Answer:

The correct answer is option C.

Explanation:

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The increased interest rate will attract foreign capital inflows. The increase in demand for currency will increase its value. This will reduce exports and increase imports. As a result, net exports will decline.

8 0
3 years ago
Identify the type of sampling used​ (random, systematic,​ convenience, stratified, or cluster​ sampling) in the situation descri
Sunny_sXe [5.5K]

Answer:

Cluster sampling

Explanation:

Cluster sampling is a type of sampling in which a population is divided into groups and one whole group from the division is randomly with every member of the chosen group  involved.

As in thr question, the phone number listings have been divided into groups of 400 and her name came up in the first group of the listing divisions to be considered, hence her selection.

Cheers.

6 0
4 years ago
Big Walnut Nut Company has the right to buy back its preferred stock from its preferred stockholders; however, the company will
snow_lady [41]

Answer:

sinking fund provision

Explanation:

Sinking fund provision -

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5 0
3 years ago
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