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allochka39001 [22]
3 years ago
13

f a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for sale at

$150,000, is assessed for tax purposes at $95,000, is recognized by the purchaser as easily being worth $140,000, and is purchased for $137,000, the land should be recorded in the purchaser's books at:
Business
1 answer:
OleMash [197]3 years ago
6 0

Answer:

$137,000

Explanation:

The land should be recorded in the purchaser's books at $137,000 because according to the information given the land was first acquired at $85,000 in which the they person who acquired it offered to sell it out at $150,000 in which it was again recognized as been worth $140,000 but was later PURCHASED for $137,000 which simply means the amount that the land was later been purchased will be the amount to be recorded in the purchaser's book which is $137,000.

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On which group will a progressive tax place a greater tax burden?
Furkat [3]
Poor citizens will be greatly affected by a increase in taxes,nobody takes into account there day to day living,rent,utilities,food and that's just to name a few.
5 0
3 years ago
Read 2 more answers
Suppose that the market demand curve for scooters is given by P = 300 - 5Q, where P is the price and Q is total industry output.
BigorU [14]

Answer:

The total number of scooters is 10

Explanation:

Total profit is maximized where Marginal Revenue (MR) = Total Marginal Cost

= 50 + 50 + 50 + 50 = $200

TR = P × Q = (300 - 5Q) × Q = 300Q - 5Q²

So, MR = \frac{d(TR)}{dQ} = 300 - 2(5Q) = 300 - 10Q

Now, MR = 200 gives,

300 - 10Q = 200

So, 10Q = 300 - 200 = 100

So, Q = \frac{100}{10}

So, Q = 10

7 0
3 years ago
after a bank reconciliation is completed, journal entries are prepared for items in the balance per company's records as well as
BaLLatris [955]

'After a bank reconciliation is completed, journal entries are prepared for items in the balance per the company's records as well as items in the balance per bank statement.

This statement is False.

In accounting, bank reconciliation is the process of reconciling the bank account balances on a company's books with the balances reported by financial institutions in their most recent bank statements. You should check the difference between the two numbers and correct if necessary.

Bank reconciliation is the process of reconciling cash book data with corresponding data on bank statements. This is an important process for the CFO's office and ensures the accuracy of the accounting records.

Bank reconciliation is an important internal control tool and is necessary to prevent and detect fraud. It also helps identify accounting and banking errors by explaining the difference between cash balances on accounting records and bank balances on bank statements.

Learn more about Bank reconciliation brainly.com/question/15525383

#SPJ4

7 0
1 year ago
If a buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the f
Yakvenalex [24]

There are rules to follow when making sales. If the buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the front porch, the agent should;

  • Consult with the buyers and determine whether they want to proceed.

<h3>What is the response of a listing agent who approaches a potential listing?</h3>

The response of a listing agent who approaches a potential listing only to find a Confederate flag flying from the front porch is that;

  • He should ask the seller if the flag stands for his racial prejudice and later ask that it should be removed.

Real estate agents are known to be business people and so thy are not social engineers. But if the agent believes the flag stand for racist attitudes that will hinder or enter the transaction and result in lowering of interest in the property, it is best to stop the listing.

Learn more about  buyer agent  from

brainly.com/question/16945348

5 0
2 years ago
Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis?
Lena [83]

Answer:

C

Explanation:

Here both statements I and II  represent a principal's duty to an agent who works on a commission basis.

that is The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement  and also he is required to reimburse the agent for all authorized expenses incurred unless the agreement calls for the agent to pay expenses out of the commission.

Hence, option C is correct

4 0
3 years ago
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