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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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Anestetic [448]

Answer:

B. one of only 2 factories that made the product shuts down.

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Sean McGowan renewed his membership at Bargain Barn. Shortly after renewing the card, Sean started receiving calls from collecti
34kurt

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Identity theft

Explanation:

Identity theft is when a person steals another person's information like name and credit card information and uses it to commit a crime. For example, a person can use someone else's name and social security number to get a loan. According to this, Sean experienced identity theft because someone stole his information and got a credit card under his name.

8 0
3 years ago
Selected information from Gerrard, Inc.’s financial activities in the year 2004 was as follows: Net income was $330,000. The tax
ValentinkaMS [17]

Answer:

$0.26

Explanation:

diluted earnings per share (EPS) = (net income - preferred dividends) / (weighted average outstanding shares + diluted shares)

net income = $330,000

preferred dividends = 2,000 x $500 x 8% = $80,000. Since the preferred stocks are convertible, they will be considered diluted shares. Therefore, no preferred dividends will be included in the calculation.

weighted average outstanding shares:

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  • March 1 = 200,000 x 10/12 = 166,666.7
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diluted shares = 2,000 preferred stocks x 200 = 400,000

diluted EPS = $330,000 / (866,666.7 + 400,000) = $0.260526247 ≈ $0.26

8 0
3 years ago
Tax planning Question 6 options: guides investment activities to maximize after-tax returns over the long term for an acceptable
krok68 [10]

Answer:

guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk

Explanation:

Given that the purpose of Tax planning is to ensure that there is tax efficiency for the firm, in an after-tax evaluation, the goal of the firm in terms of returns or profits is toll achieved.

Hence, in this case, the correct answer to the question is that TAX PLANNING "guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk."

8 0
3 years ago
What htcn certification level requires candidates have three years of experience in computing investigations for law enforcement
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The answer is "Certified Computer Forensic Technician, Basic".


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Successfully complete an aggregate of forty (40) hours preparing course(s) for the measurable obtaining and investigation of hard drives, tablets or potentially PDAs given by an affirmed office, association or organization.  

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