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
katrin [286]
3 years ago
9

Cost of a Fixed Asset Borges Inc. recently purchased land to use for the construction of its new manufacturing facility and incu

rred the following costs: purchase price, $125,000; real estate commissions, $9,500; delinquent property taxes, $1,800; closing costs, $3,500; clearing and grading of the land, $12,800. Required: Determine the cost of the land.
Business
1 answer:
tamaranim1 [39]3 years ago
7 0

Answer:

$152,600

Explanation:

The computation of the cost of the land is shown below:

Cost of the land = Purchase price + real estate commissions + delinquent property taxes + closing costs + clearing and grading of the land

= $125,000 + $9,500 + $1,800 + $3,500 + $12,800

= $152,600

We considered all the given information

hence, the cost of the land is $152,600

You might be interested in
1
marysya [2.9K]

Answer:

Explanation:

cvb

4 0
3 years ago
ECNAL Corp. manufactures bicycle parts. One of its new products, the Slipstream tire, is advertised to be 20 percent stronger th
Drupady [299]

Answer:

The correct answer is the option A: Corrective advertising.

Explanation:

To begin with, the concept known as <em>"Corrective Advertising"</em> refers to a severe penalty that is used by many agencies, including the Federal Trade Commision, in ordert to impose to the companies the fact that they had worked unethically regarding certain advertisements that they have been controled by the agency. Therefore that the corrective advertising is a way to penalize those companies, that had advertised products with false information or that might cause harm to the consumers.

5 0
3 years ago
Men and women should each establish a credit history. True or False?
vovikov84 [41]

Answer:

true

Explanation:

3 0
3 years ago
Which of the following is true about a "credit"?I. It is part of the double-entry procedure that keeps the accounting equation i
likoan [24]

Answer:

ALL

Explanation:

All of the following is true about a "credit"

I. It is part of the double-entry procedure that keeps the accounting equation in balance because, double entry is made up of 'debit' and 'credit' as the principle states: 'credit the giver and debit the receiver' hence, in order for the accounting equation to be balanced, every debit must have a corresponding credit

II. It represents a decrease to assets because just like the principle states: 'credit the giver and debit the receiver', it therefore implies that a 'credit' entry will decrease the balance on the account because it is giving.

III. It represents an increase to liabilities because liability accounts already have credit balances by nature, therefore a 'credit' entry will be increasing the already existing credit balance.

IV. It is on the right side of a T-account.  This is a true statement because in T-account construction the debit is on the left and the credit on the right.

5 0
3 years ago
In 2009, the federal government created a program called cash for clunkers whereby consumers could trade in a less efficient car
alexandr1967 [171]

well to be honest man i dont know

7 0
3 years ago
Other questions:
  • Which three report charts show how many Leads are in the Marketing pipeline based on Lead Status and what percent each Lead Stat
    9·1 answer
  • Which is a result of frequent change request from client ​
    14·2 answers
  • Which of the following assertions is true?
    15·1 answer
  • Tobin inherited 100 acres of land on the death of his father in 2019. A Federal estate tax return was filed and the land was val
    7·1 answer
  • the costs of running a business are called ___________. a. startup costs b. cash flow c. operating expenses d. fixed costs
    5·2 answers
  • Assume the Macro Islands can produce 25 fishing boats or 150 jars of guava jelly in one hour. The Micro Islands can produce 30 f
    6·1 answer
  • Companies racing against rivals for global market leadership need strategic alliances and collaborative partnerships with compan
    13·1 answer
  • The following T-accounts record the operations of Oriole Co.: Assume all raw materials are direct materials. Raw Materials Begin
    14·1 answer
  • What's the catch with many services promoting a “free credit score?"
    6·1 answer
  • Why is that 0.8 in fractional form is 8/10​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!