Two types of costs necessary for a real estate development is hard costs and soft costs.
Answer: Hard costs and Soft costs
<u>Explanation:</u>
For real estate development there are two types of costs - hard costs and soft costs. Hard costs is the expenses incurred directly for physical construction of the building. Soft costs is for the indirect expenses for the construction of the building.
Permanent loans have fixed rate of interests. Construction loan has got fluctuating rate of interests till the time of construction. When the prime rate changes the interest fluctuates which is termed as float.
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Answer:
The correct answer is A
Explanation:
As per the UNICAP (stands for Uniform Capitalization) rules, the person have to capitalize the cost for creating the assets, which means or defines as to capitalize the raw materials, labor cost and other indirect as well as direct costs that is attributable to the production of the assets.
So, the costs which is to be capitalized in respect to inventory are the repacking cost, which is involved in the indirect supplies and other materials and the off site storage cost is involves in the rental of the facilities and equipment.
Answer:
Credit Treasury Stock $20,000
Explanation:
When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.
Cash (1,000 * 12) 12,000
Additional Paid in Capital 8,000
Treasury Stock (1,000 * 20) 20,000
Answer:
Visualize and organize your thoughts.
Explanation:
