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
EleoNora [17]
4 years ago
12

Burchell Company purchased land and a building for a lump sum cost of $420,000. The land has a fair market value of $160,000 and

the building has a fair market value of $320,000. The cost assigned to the land is
Business
1 answer:
bixtya [17]4 years ago
3 0

Answer:

Land cost would be : $100,000

Explanation:

From the given information, 160000+320000 = 480,000. This is contrary to the initial purchase value if $420,000.

Therefore the have been a revaluation (according to the question). Accounting standards states that revaluation surplus should not be capitalized but rathe taken to the statement of other comprhensive income

From the question; $480000 - $420000 = $60,000

if building is $320,000,

Land will be ($160000-$60000) = $100000

You might be interested in
EA8.
Agata [3.3K]

Answer:

293,000 units

Explanation:

As we know that

Ending work in process inventory units = Beginning inventory units + units started - units completed and transferred

72,000 units = 75,000 units + 290,000 units - units completed and transferred

72,000 units = 365,000 units - units completed and transferred

So, the units completed and transferred would be

= 365,000 units - 72,000 units

= 293,000 units

8 0
3 years ago
PLEASE HELP WITH THIS DISCUSSION
Shtirlitz [24]

Answer:

Since both stores have the same styles and brands with different prices, people may start to turn to Store X. With cheaper prices in the same area as the other store with the same brands and styles is a total win for customers. This might decrease sales in Store Y which may make them run out of business. However, because store Y was there first, loyal customers might only trust this store since it hasn't let them down yet and may be afraid to switch stores. Quality over quantity plays a major role in this decision.

Hope this helped <3! Brainliest please? :)

6 0
2 years ago
To be able to explain and defend their ideas objectively to others, individuals usually need to have effective __________ skills
Tems11 [23]
Individuals usually need to have effective communication skills
3 0
3 years ago
Laws against theft or fraud are institutions designed to encourage trust and to reduce the risk associated with interacting in m
grin007 [14]

Laws against theft or fraud are social institutions designed to encourage trust and to reduce the risk associated with interacting in markets and in your neighborhood

What is meant by social institution?

A social institution is an interrelated system of social roles and social norms, organized around the satisfaction of an important social need or social function. • Social Institutions are organized patterns of beliefs and behavior that are centered on basic social needs.

Why is social institution important?

Social Institutions are the establishment in a society that makes the society function. They work as the backbone of a society. Without the social institutions, a society cannot achieve fulfilment in terms of economy, academy or relationships

What are the rules of social institution?

Social rule system theory is an attempt to formally approach different kinds of social rule systems in a unified manner. Social rules systems include institutions such as norms, laws, regulations, taboos, customs, and a variety of related concepts and are important in the social sciences and humanities

Learn more about social institution:

brainly.com/question/24171124

#SPJ4

8 0
2 years ago
A well-conceived and communicated strategic vision ordinarily does not result in?
guajiro [1.7K]

Typically, stakeholders do not complain that the company is directionless after hearing a well-developed and expressed strategic vision.

<h3>What Is Vision, Exactly? And why is it so crucial for a leader to convey their vision?</h3>

The organization's desired achievement or future state is described by its vision. To motivate, define, and focus the effort, a vision must be communicated in order to fulfill its purpose.

One of your responsibilities as a leader is to inspire dedication to your organization's goal, as stated in our handbook Communicating Your Vision. You must convey the vision in a way that matters to people in order to accomplish this. You want the organization's members to embrace the vision and spread it to others.

The organization's vision needs to be communicated by the leaders in several different methods.

To know more about "Vision", visit: brainly.com/question/28327881

#SPJ4

7 0
1 year ago
Other questions:
  • Gerald orders 1,000 cupcakes from Haddock Bakers for a Christmas Eve party. However, Haddock fails to deliver the cupcakes as pe
    15·1 answer
  • A listing of all accounts in numerical order is called​ a(n) ________.
    7·1 answer
  • helen owns 12.6% of the stock of the Median Corporation. If median makes a dividend payment of $30,000,000 paid proportionally t
    14·1 answer
  • A large component of regressive taxes is taken from which type of families?
    15·2 answers
  • "A company currently using an inspection process in its material receiving department is trying to install an overall cost reduc
    13·1 answer
  • Which of these include some basic purposes of transportation regulations? (Select all that apply.)
    13·1 answer
  • The American Girl catalog began as a concept to introduce today's girls to girls who lived in the past. Each historically accura
    12·1 answer
  • A grocery store in a perfectly competitive market can
    5·1 answer
  • Identify the tasks performed by workers in a Production career. Choose all that apply. cleaning and maintaining equipment and to
    9·1 answer
  • polska, incorporated, is obligated to pay its creditors $9,300 during the year. what is the value of the shareholders’ equity if
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!