it's mostly custumer service most of the time of take care of that mostly ok
I would go with C because you need to hear the other person
Answer:
The answer is: $225,000
Explanation:
Ford should include a total gain of $225,000 in its income statement.
That gain is the result of the difference between the carrying value of the asset (land) and the carrying value of the liability (debt note).
$425,000 - $200,000 = $225,000 as total gain
Answer:
c. $84,300.
Explanation:
The computation of the total cost of the land is shown below:
= Purchase cost of land + commission incurred + property taxes + title insurance
= $75,000 + $4,500 + $4,000 + $800
= $84,300
We simply added that costs which are related to the land i.e purchase cost, commission , property taxes ,and title insurance. The $1,000 cost should not be considered.
