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miskamm [114]
3 years ago
6

If a company is considering the purchase of a parcel of land that was acquired by the seller for $99,000 is offered for sale at

$178,000, is assessed for tax purposes at $109,000, is recognized by the purchaser as easily being worth $168,000, and is purchased for $165,000, the land should be recorded in the purchaser's books at:
Business
2 answers:
olya-2409 [2.1K]3 years ago
6 0
It should be recorded at the price of $109,000.
choli [55]3 years ago
3 0

Answer:

The parcel of land should be recorded in the purchaser's books at $165,000.

Explanation:

According to the general accepted accounting principles (GAAP), when an asset is initially purchased, it should be recorded at cost plus any incurred expenses which are necessary to bring the asset to the its normal operation/usage.

So, with the information given in the question, all the other prices are irrelevant in term of deciding what value the parcel of land is recorded in the purchaser's book except for the purchased price.

Thus, the parcel of land should be recorded at the purchased price which is $165,000.

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One role of marketing communications in the problem recognition stage of the purchase decision-making process is to:
vlada-n [284]

Answer: help distribution partners identify product availability problems.

Explanation:

The options are:

a. alert the company about problems in conveying a message to target consumers.

b. resolve consumer problems with customer service outreach.

c. remind consumers of existing needs.

d. help distribution partners identify product availability problems.

e. educate consumers about features and benefits.

One role of marketing communications in the problem recognition stage of the purchase decision-making process is to help distribution partners identify product availability problems.

It should be noted that marketing communications can help identify the needs or problem that consumers have.

6 0
3 years ago
On January 1, 2020, Sheffield Corp. issued ten-year bonds with a face amount of $4500000 and a stated interest rate of 8% payabl
Scorpion4ik [409]

Answer: $3,704,040

Explanation:

The issue/ selling price of a bond is calculated by the formula:

= Present value of coupon payments + Present value of face value

The coupon payments will be an annuity and in cash terms are:

= 8% * 4,500,000

= $360,000

Selling price:

= (360,000 * Present value of an ordinary annuity factor, 11%, 10 periods) + (4,500,000 * Present value discount factor, 11%, 10 periods)

= (360,000 * 5.889) + (4,500,000 * 0.352)

= $3,704,040

7 0
3 years ago
Flying High Manufacturing produces frisbees using a threeminusstep sequential process that includes​ molding, coloring and finis
Gnom [1K]

Answer:

C. WIP InventoryminusMolding

Explanation:

Crediting is the amount or the items leaving the account, so since the Molding inventory is the one letting go of things, this is in the positive part of the T graph, so since it is having a credit, since it is providing it, the C. WIP InventoryminusMolding  is the one that is being credited, on the other hand you should debit the WIP InventoryminusColoring since it is the one receiving the products.

6 0
3 years ago
You deposit $1,500 in a bank where you have a savings account. The bank
skad [1K]
Interest rate risk

Interest rate risk is the risk that arises for fixed-rate investments from fluctuating interest rates. How much interest rate risk a fixed-rate investment has depends on how sensitive its price is to interest rate changes in the market.
8 0
3 years ago
11. John rates Peter an average worker, “excellent” on all his performance evaluations. The rest of staff suspects that Peter ge
Blizzard [7]

Considering the situation described in the question, if the allegations were accurate, the rating error the staff identified is known as the "Similarity Bias" error.

  • This is because the Similarity Bias is a type of rating error where the rater rates a person or candidate higher than he deserves because they shared or have some similarities like having played for the same football team or attended the same school.

  • There are other types of rating bias that do not apply to this situation.

  • These include Halo bias and Leniency bias.

Hence in this case the correct answer is "Similarity Bias"

Learn more here: brainly.com/question/14467377

6 0
2 years ago
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