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Misha Larkins [42]

3 years ago

7

A company purchases land and a building for $300,000. The appraisal attributes a fair market value (FMV) to the land of $180,000

and to the building of $220,000. As a result, the building’s cost will be booked at:____________

1 answer:

ser-zykov [4K]3 years ago

5 0

$700,000 I hope that helps

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What is the effect of import restrictions on prices? They often cause prices to rise steeply and then drop. They cause prices to

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3 years ago

January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 41,000 of its common shares at $9 each. T

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Answer:

174,250 shares

Explanation:

The computation of the number of shares to be used in computing diluted earnings per share is shown below:

Proceeds from exercise of options (a) $369,000 (41,000 shares × $9)

Used to repurchased for common stock (b) 30,750 shares (41,000 shares × $9 ÷ $12)

Number of shares for exercised (c) 41,000 shares

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We ignored the market price of common stock as it is not relevant.

8 0

3 years ago

Please help me anyone (picture attached)

sergey [27]

Answer:

Im not entirely sure, but i think

2. Should be D

3. Should be A

(i could be wrong but im about 90 percent sure those r right)

Explanation:

3 0

2 years ago

As a result of a thorough physical inventory, Sheridan Company determined that it had inventory worth $320800 at December 31, 20

uranmaximum [27]

Answer:

Sheridan Company

The correct amount of inventory that Sheridan should report is:

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Explanation:

a) Data and Calculations:

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December 27, FOB destination goods ($22,000) 0

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b) Goods on consignment are generally the property of the consignor (supplier) and not the consignee's (retailer's). Therefore, they must appear in the balance sheet of the consignor. Goods on FOB destination remain the property of the supplier until they reach the buyer's destination. This is why it is not included above.

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