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mylen [45]
3 years ago
12

Northwest Delivery Company acquired an adjacent lot to construct a new warehouse, paying $75,000 and giving a short-term note fo

r $90,000. Legal fees paid were $2,500, delinquent taxes assumed were $22,400, and fees paid to remove an old building from the land were $14,500. Materials salvaged from the demolition of the building were sold for $7,500. A contractor was paid $660,000 to construct a new warehouse.Required:Determine the cost of the land to be reported on the balance sheet.
Business
1 answer:
Alona [7]3 years ago
4 0

Answer:

d

Explanation:

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Education and training provides employers, managers, supervisors, and workers with: Knowledge and skills needed to do their work safely and avoid creating hazards that could place themselves or others at risk. Awareness and understanding of workplace hazards and how to identify, report, and control them.
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sdas [7]

Answer:

(a) X = Total assets = $131,000

(b) X = total equity = $90,000

(c) X = total liabilities = $90,000

Explanation:

In this type of question, we use the accounting equation which is equals to

Total assets = Total liabilities + Total equity

This accounting equation is used to balance the financial statements so that proper accuracy and analysis can be made.

(a) X = $84,000 + $47,000

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X here means total assets.

(b) $120,000 = $30,000 + x

$120,000 - $30,000 = X

X = $90,000

Here, X = Total equity

(c) $152,000 = x + $62,000

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Here, X = Total liabilities

Hence, (a) X = Total assets = $131,000

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(c) X = total liabilities = $90,000

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2 years ago
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Answer:

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6 0
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It will take an approximate of 52 years to triple the initial investment.

The formula for Future value is <em>A = Pe^(rt)</em>

<u></u>

<u>Given Information</u>

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Therefore, it will take an approximate of 52 years to triple the initial investment.

See similar solution here

<em>brainly.com/question/19649471</em>

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