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NeTakaya
3 years ago
7

Cowboy Development incurred the following costs associated with the purchase of a piece of land that it will use to re-build an

office building: Sale price of the land $400,000 Sale of salvaged parts already on land $20,000 Demolition of the old building $30,000 Ground breaking ceremony (food and supplies) $1,500 Land preparation and leveling $7,500What amount should be recorded for the purchase of the land?
Business
1 answer:
Vesna [10]3 years ago
3 0

Answer:

The amount should be recorded for the purchase of the land is $417500.

Explanation:

amount of land = sale price of the land - sale of salvaged parts + bemolition of the old buiding + land preparation and leveling

                          = $400000 - $20000 + $30000 + $7500

                          = $417500

Therefore, The amount should be recorded for the purchase of the land is $417500.

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Pharoah Company purchased $2600000 of 8%, 5-year bonds from Sheridan, Inc. on January 1, 2021, with interest payable on July 1 a
kobusy [5.1K]

Answer:

$75,260

Explanation:

Calculation for What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity

Using this formula

Comprehensive income/separate component of stockholders' equity=Fair value-(Sales of bonds-July 1, 2021 Amortized premiums-December 31, 2021 Amortized premiums)

Let plug in the formula

Comprehensive income/separate component of stockholders' equity=$2,780,000 - ($2,724,740 - $9,820 - $10,180)

Comprehensive income/separate component of stockholders' equity=$2,780,000-$2,704,740

Comprehensive income/separate component of stockholders' equity= $75,260

Therefore What should Pharoah Company report as other comprehensive income and as a separate component of stockholders' equity is $75,260

8 0
3 years ago
Once the basic necessities have been achieved, future income is only lightly connected to well-being. democrats generally seek t
Aleksandr-060686 [28]

This is a loaded political question. But I think the question is trying to get you to think about who is doing the best for society as a whole and who is thinking about doing what's best for them.

However, some would argue that doing what's best for yourself will also lead to the greater good of society, but I think this question (as unfair as it may be), is leading you to say that democrats are more concerned with achieving broad happiness and republicans are concerned with fulfilling selfishness.

5 0
4 years ago
You have the following information on Olivia's Bridle Shop: total liabilities and equity = $65 million, current liabilities = $1
Pepsi [2]

Answer:

Total Fixed Assets = 20 million

Explanation:

Total liabilities and equity = $65 million

Current liabilities = $10 million

Inventory = $15 million

Quick ratio = 3 times.

As we know

Total liabilities and equity = Total Assets

65 Million = Total Fixed Assets + Total Current Assets

65 Million = Total Fixed Assets + 45 million

Total Fixed Assets = 65 million - 45 million

Total Fixed Assets = 20 million

Quick Ratio = ( Total Current Assets - Inventory ) / Total Current Liabilities

3 = ( Total Current Assets - 15 million ) / $10 Million

3 x $10 Million = Total Current Assets - 15 million

30 million = Total Current Assets - 15 million

30 million + 15 million = Total Current Assets

Total Current Assets = 45 Million

8 0
3 years ago
Two teams in a company have a conflict over which team will work on a lucrative project. Both teams want to work on the project.
Triss [41]

Answer:

<u>Compromise</u>

Explanation:

Two teams in a company have a conflict over which team will work on a lucrative project . Both teams want to work on the project. Eventually, they decide to work together on the project and share the credit for its completion . In the given scenario ,<em> compromise</em> method is used to resolve the conflict.

We know that compromise is a way by which we can settle any conflict it just depend upon the person. It helps in settling differences among the two person or group of individuals.  

While compromising we should always listen the words of both the parties and try to understand their saying. And try to come up with some ways , which can be used by both parties. It helps in making a balance between the parties.

5 0
4 years ago
Capital One produces a single product, which it sells for $8.00 per unit. Variable costs per unit equal $3.20. The company expec
serious [3.7K]

Answer:

Capital One's current break-even point in terms of number of units for the month is 1500 units

Explanation:

Break-even point in terms of number of units is the sales units required such that the company makes neither gain nor loss

break-even point in sales units=fixed costs/contribution margin per unit

fixed costs is $7,200

contribution margin=sales price per unit-variable cost per unit

sales price per unit is $8

variable cost per unit is $3.20

contribution margin=$8-$3.20=$4.80

break-even point=$7,200/$4.80=1,500 units

The correct option is A ,1500 units

4 0
4 years ago
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