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hichkok12 [17]
3 years ago
15

On June 25, Snap Repair Service extended an offer of $170,000 for land that had been priced for sale at $194,000. On July 9, Sna

p Repair
Service accepted the seller's counteroffer of $185,000. On October 1, the land was assessed at a value of $278,000 for property tax purposes. On
December 22, Snap Repair Service was offered $296,000 for the land by a national retail chain,
At what value should the land be recorded in Snap Repair Service's records?
Business
1 answer:
OLEGan [10]3 years ago
6 0

Answer: $185000

Explanation:

The value that the land should be recorded in Snap Repair Service's records is at the price of $185000 which is the counteroffer

This is because this is the price that Snap Repair Services paid to get the land. The accounting for the land purchased is a land cost and will be recorded accordingly.

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Marginal cost.​

Explanation:

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Which situations offer examples of banking and related services workers? select three options. anna analyzes loan applicants to
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d. Constraint

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3 years ago
Suppose the price elasticity of demand for oranges is 0.8. if a fall frost destroys one-third of the nation's orange crop, how w
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Shore Company reports the following information regarding its production cost. Units produced 36,000 units Direct labor $ 31 per
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$73.86 per unit

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3 0
3 years ago
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