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Rasek [7]
3 years ago
8

Sunland company installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $12,0

00. Which of the following statements is true with respect to these additions?
A. $30,000 should be debited to the Land account.
B. $12,000 should be debited to Land Improvements
C. $42,000 should be debited to the Land account.
D. $42,000 should be debited to Land Improvements
Business
1 answer:
padilas [110]3 years ago
4 0

Answer:

D. $42,000 should be debited to Land Improvements

Explanation:

The cost of the land housing the parking is recorded in the land account. Other costs such as paving cost and lights are improvements and as such are added and recorded in the Land Improvements accounts.

Total Land improvements = $30,000 + $12,000

= $42,000

The right answer is D. $42,000 should be debited to Land Improvements.

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zavuch27 [327]

Answer:

Indirect

Explanation:

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Therefore the first option is correct

5 0
3 years ago
Which one of the following statements is TRUE? a. Company sponsorship of a local charity is an example of a nonpecuniary benefit
mojhsa [17]

Answer: c. An inside director is a board member who also holds a managerial position in the company

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All of a company's depreciation, property taxes, and insurance premiums are considered manufacturing overhead.
Irina18 [472]

All of a company's depreciation, property taxes and insurance premiums are considered manufacturing overhead (MOH) ----- False.

What is considered manufacturing overhead?

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What does manufacturing overhead include?

Manufacturing overhead includes indirect materials, indirect labor, depreciation on factory buildings and machines, and insurance, taxes, and maintenance on factory facilities. Costs that are a necessary and integral part of producing the finished product.

. Direct labor :

Is the cost of the workers who make the product. The cost of supervisory personnel, management, and factory maintenance workers, although they are needed to operate the factory, are classified as indirect labor because these workers do not use the direct materials to build the product.

Learn more about company's depreciation :

brainly.com/question/1055905

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7 0
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kykrilka [37]

Answer:

Contingencies are potential liabilities that might result because of a past event

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4 0
2 years ago
A method that determines the solution to the traveling salesperson problem involves listing all hamilton circuits and selecting
seraphim [82]
<span>The answer is : Brute Force Method</span>
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