Answer:
$1,465,520
Explanation:
Calculation of cost of the land that should be recorded by Water ways industries
Cost of land = Purchase price + demolition of building - sales of salvage + legal fees + Title insurance cost + Payment assessment
Cost of land = $1,335,000 + $120,000 - $8,300 + $5,220 + $3,900 + $9,700
Cost of land = $1,465,520
When an owner deposits cash in an account in the name of the business, it is an increase to: a. cash and accounts
What does deposit of owner mean for the business?
First and foremost, by depositing the cash in the name of the business, the firm's cash balance would increase by the amount deposited, however the cash deposit coming from the owner also indicates that the owner is investing additional cash in the business, which means that equity is also affected by $1000 cash deposit in business name
In essence, the effects are that the cash would increase, so also the equity balance of the business, hence, the first option is correct.
Find out more about equity capital on:brainly.com/question/1957305
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Answer:
You will pay $744,680.85 for the policy
Explanation:
Step 1
Since cash flow is a perpetuity, we can derive the following expression;
P.V=C/r
where;
P.V=present value of the investment
C=cash flow
r=annual rate of return
In our case;
P.V=unknown
C=$35,000
r=4.7%=4.7/100=0.047
replacing;
P.V=35,000/0.047
P.V=744,680.8511
744,680.8511 rounded off to 2 decimal places=744,680.85
You will pay $744,680.85 for the policy
Answer:
d) Materiality
Explanation:
Materiality is defined as the impact of the omission of trivial matters that are important to the report audience. In the question given this materiality is the reason why the company's independent accountants did not protest.
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