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Zigmanuir [339]
3 years ago
14

On December 1, Miser Corporation exchanged 2,000 shares of its $25 par value common stock held in treasury for a parcel of land

to be held for a future plant site. The treasury shares were acquired by Miser at a cost of $40 per share, and on the exchange date the common shares of Miser had a fair market value of $50 per share. Miser received $6,000 for selling scrap when an existing building on the property was removed from the site. Based on these facts, the land should be capitalized at what amount?
Business
1 answer:
Allushta [10]3 years ago
8 0

Answer:

Capitalized value = $188000

Explanation:

Land should be capitalized by fair market value of share exchanged less any recovery of scrap as land will be developed for future plant.

Fair value of shares = $50*4000 = $200000

Less: value of scrap = $12000

Capitalized value = $188000

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<u>Line of credit </u>

Explanation:

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Read 2 more answers
Ed is a 30 year old veterinary technician. Physical exam reveals a height of 5 foot 9 inches, and a weight of 210 pounds. Accord
lianna [129]

Answer:

BMI = 31.18 kg/m²

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BMI known as body mass index is taken from a person height and weight. BMI is a person's weight in kilograms divided by the square of height in meters. BMI is usually expressed in kg/m².

Mathematically ,

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we have to convert the weight and the height to the required units.

converting pounds to kg

2.2 pounds = 1 kilogram

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cross multiply

210/2.2 = 95.50 kilograms

converting foot to inches and to meter.

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69 × 0.0254 = 1.7526  meters

using the formula

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BMI = 95.50/(1.75)²

BMI = 95.50/3.0625   kg/m²

BMI = 31.1836734694  kg/m²

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3 years ago
Oilers, Inc. refines and markets its energy products in different nations around the world. In addition, Oilers' stockholders an
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