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adelina 88 [10]
3 years ago
7

On 3/15/20, Robertson Corp. bought land from Lear, Inc. for $248,000. Lear had carried the land on its books at $240,000. Robert

son paid $50,000 in cash and signed a note payable for the balance. On 12/19/20, Davis Co. offered to buy the land from Robertson for $252,000. On its 12/31/20 balance sheet, Robertson should show the land account at:
Business
1 answer:
ruslelena [56]3 years ago
4 0

Answer:

$248,000

Explanation:

According to the historical cost principle, the fixed assets should be recorded at the purchase price or the acquired price.

Since in the question it is mentioned that the land is purchased from Lear inc for $248,000 and the other transactions are also there

So here the land should be recorded at the purchase price i.e. $248,000

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Is it ethical for a Realtor to represent buyer and seller?
Korolek [52]

<u>Yes, that's allowed</u> to ethical for a Realtor to represent buyer and seller.

<h3>Briefing:</h3>

Transaction brokerage describes the circumstance to which you're referring. When your real estate professional represents a buyer client who is interested in buying the property in which you are the seller client, this service option is known as transaction brokerage.

<h3>Who is a called buyer?</h3>

In a buyer's call, a buyer and seller agree to purchase a commodity at a set price that is higher than the price of a futures contract for the same grade and quantity.

<h3>Who is called a seller?</h3>

Any person or organization that makes any kind of good, service, or financial asset available for purchase is a seller. Short selling is obtaining securities that are not one's own to sell in order to purchase them back at a cheaper cost. The term "writer" refers to a person who sells options and receives the premium from the buyer.

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4 0
1 year ago
Whole number less than 20​
bearhunter [10]

Answer:

Explanation:

The first 100 whole numbers are 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25,26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74

7 0
3 years ago
The accompanying list describes the responses of four individuals to a bureau of labor statistics (bls) survey of employment. 1.
kramer
Frictional unemployment is the unemployment that fallouts from period consumed between jobs when an employee is looking for, or moving from one occupation to another. It is otherwise known as search unemployment and can be grounded on the conditions of the individual. So the answer is letter a, Mollie is the frictionally unemployed since she is looking for a job for 3 months already. She is searching and waiting for a job.
7 0
3 years ago
According to the Centers for Disease Control and Prevention, "SIDS is defined as the sudden death of an infant less than 1 year
SSSSS [86.1K]

Answer: True

Explanation:

According to the CDC, Sudden Infant Death Syndrome (SIDS) is the leading cause of children dying unexpectedly and without immediately apparent causes and is said to happen to an 3,700 infants annually.

Sudden Infant Death Syndrome (SIDS) is defined by the CDC as <em>the sudden death of an infant less than 1 year of age that cannot be explained after a thorough investigation is conducted</em>.

SIDS falls under Sudden Unexpected Infant Death (SUID) which is the unexplained death of a child before investigation and as well as SIDS can include infections and accidental suffocation.

5 0
3 years ago
On Jan. 3, Gourmet Cakes sold $15,000 of merchandise on account to Jerry Hines. On Jan. 10, Jerry returned $2,000 of the merchan
Sonja [21]

Answer:

sales returns & allowance     2,000 debit

            accounts receivables              2,000 credit

Inventory                                    500 debit

             COGS                                        500 credit

-to record the return of goods from Jerry Hines--

Explanation:

As the returned goods are not reported as failure or malfunction just; the customer returned as exceeds his needs, we can return them to goods ready to sale thus; inside inventory account.

We will decrease the account receivable, our COGS and increase our inventory

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