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
Alex787 [66]
3 years ago
5

Pitney Co. purchased an office building, land, and furniture for $500,000 cash. The appraised value of the assets was as follows

: Land $ 180,000 Building 300,000 Furniture 120,000 Total $ 600,000 Required Compute the amount to be recorded on the books for each asset. Record the purchase in a horizontal statements model.
Business
1 answer:
Inessa [10]3 years ago
3 0

Answer:

1.Allocated cost

Land 150,000

Building 250,000

Furniture 100,000

Total 500,000

2.Net income cash flow -500,000 IA

Explanation:

1.

Allocated cost

Land =500,000*180,000/600,000=150,000

Building =500,000*300,000/600,000=250,000

Furniture =500,000*120,000/600,000=100,000

Allocated cost

Land 150,000

Building 250,000

Furniture 100,000

Total 500,000

2.

Cash -500,000

Land 150,000

Building 250,000

Furniture 100,000

Net income cash flow -500,000 IA

You might be interested in
Sheila and her team members have been allocated a new project. As a team leader, which quality should Sheila demonstrate so that
irakobra [83]

Answer:

she needs to demostrate effective leadership and sportsman shop and that all starts with trust. To be clear on the goals they must list their goals 1st and work for them in order to persue them imma athlete and i do that a lot

Explanation:

7 0
3 years ago
Read 2 more answers
"what is the first stage of the marketing research process?"
777dan777 [17]
I️ don’t know for sure which one it would be
6 0
3 years ago
An accrediting agency’s published rules, which serve as the basis for comparative assessment during the review or survey process
valentinak56 [21]

For a health profession, the term "accreditation standard" refers to a standard used to determine whether a program of study and the educational institution that offers it equips graduates with the knowledge, abilities, and professional qualities required to practice their profession in Australia.

<h3>What do the accreditation standards serve?</h3>

Higher education accreditation is a collaborative process based on peer and self-evaluation. Its goal is to raise academic standards and public accountability. This ongoing quality control process is often carried out every five to ten years.

A school, postsecondary institution, or program offering is accredited when it has received initial and ongoing confirmation that it satisfies the requirements set by a nationally recognized accrediting agency for membership in the association.

For more information about accreditation standards refer to the link:

brainly.com/question/1450219

#SPJ4

6 0
2 years ago
Bond ratings are significantly based on all of the following EXCEPT:_______.
KiRa [710]

Answer:

c) The current ratio

Explanation:

The current ratio is an example of a liquidity ratio.

Liquidity ratios measure a company's ability to meet its short term obligations.

Current ratio = curernt assets / current liabilities

Return on assets is a profitability ratio. It measures return on investment

The other ratios are coverage ratios. They measure the ability of the firm to covert its debts payments

5 0
3 years ago
During August, the Filtering Department of Speedwell, Inc. Had a beginning Work-IN Process Inventory balance of 160 units with c
Veseljchak [2.6K]

Answer: 320 units

Explanation:

The equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method goes thus:

Total units completed= 160 units + 290 units = 450 units

Beginning WIP = 160 units

Ending WIP = 30 units

Equivalent units of production:

= 450 + 30 - 160

= 480 - 160

= 320 units

8 0
3 years ago
Other questions:
  • Q-mart wants to know what safety stock should be maintained for its jumbo flyer if j. flyer's daily demand is normally distribut
    9·1 answer
  • Is a company that has a proven business model and is willing to sell the rights?
    9·1 answer
  • The accounting book or computer program where each day's transactions are first recorded is called a:
    15·1 answer
  • What is Flex tape?????
    10·2 answers
  • Department G had 2,280 units 25% completed at the beginning of the period, 13,200 units were completed during the period, 1,900
    9·1 answer
  • Demand-pull inflation occurs when
    5·2 answers
  • Anyone wanna be friends?? and maybe go on a skype call with me and my friend? =)
    13·2 answers
  • Ruiz Co. provides the following unit sales forecast for the next three months: January February March Sales units2,400 3,500 4,4
    13·1 answer
  • How to calculate direct labor
    13·1 answer
  • leverage is a financial technique used to determine to what extent fixed costs are used relative to variable costs.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!