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Marysya12 [62]
3 years ago
7

On May 20, White Repan Service extended an offer of $108,000 for land that had been priced for sale at $140,000 On May 30 White

Repair Service accepted the sellers counteroffer
of $115.000. On June 20. the land was assessed at a value of $95 000 for property tax purposes On July 4 White Repair Service was offered S150.000 for the land by a national retail
chain At what value should the land be recorded in White Repair Service's records?
​
Business
1 answer:
Otrada [13]3 years ago
4 0

Answer:

$115.000.

Explanation:

As per the guidelines of the generally accepted accounting principles, assets should be recorded at their acquisition price. The value to be recorded is the price paid for the asset.

For White Repan Service, the amount they paid for the land was the counteroffer from the seller. White Repan Service paid $105,000 for the land. The value to be recorded should be $105,000.

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<span>public speaking ability.</span>
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Bridgette is a managerial accountant at the Middle Peninsula Manufacturing Company.​ Recently, Bridgette received a Certified Ma
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B. Institute of Management Accountants​ (IMA)

Explanation:

B. Institute of Management Accountants​ (IMA)

The Institute of Management Accountants is an institute where individuals are taught courses in accounting, financial accounting, management accounting, business studies, economic laws etc. This institute prepares the person to have professional study of all the managerial accounting practices involving different fields of study. There are three  basic stages, the first is the operational level, then the managerial level and the third is the strategic level. At each level a competitive exam is held to ensure the learning of accurate and high structured policies among emerging accounting managers.

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3 years ago
Cost accounting is concerned with: Multiple Choice accumulation and determination of product, process or service cost. income me
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Answer:

D. All of the above.

Explanation:

Those stated are all concerned with cost accounting.

4 0
3 years ago
Analyze various methods of conducting Internet research.
almond37 [142]

An effective Boolean search strategy that Magda should adopt is the use of Boolean operators and emboldened keywords.

<h3>What is an Internet research?</h3>

An Internet research can be defined as a reearch methodology that involves the use of information that obtained from the World Wide Web (WWW) to investigate, analyze and reach a logical conclusion on a subject matter (topic).

<h3>The various methods of conducting Internet research.</h3>

Generally, there are different methods used by researchers to conduct an Internet research and these include:

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In conclusion, an effective Boolean search strategy that Magda should adopt is the use of Boolean operators such as "Or" and "AND" so as to broaden the search results about flu.

Read more on research report here: brainly.com/question/26177190

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8 0
1 year ago
Matt purchased a 20-year par value bond with an annual coupon rate of 8% compounded semiannually for a price of 1722.25. The cou
finlep [7]

Answer:

(b) 1440

Explanation:

As the coupon rate of 8% is greater than the yield to maturity (YTM) of 6% annually, the bond is selling at a premium. Hence, the bond will be called at the earliest i.e. 15 years.

Coupon = Call Price * Semi-annual coupon rate = X * [0.08 / 2] = X * 0.04

Yield to call = 6% annually = 3% semi-annually

Time = 15 years * 2 = 30

We know that,

Current Price of bond = Coupon * [1 - (1 + YTC)-call date] / YTC + Call Price / (1 + YTC)call date

  • 1,722.25 = [X * 0.04] * [1 - (1 + 0.03)-30] / 0.03 + [X / (1 + 0.03)30]

  • 1,722.25 = [X * 0.04] * 19.60 + [X * 0.41]

  • 1,722.25 = X * [(0.04 * 19.60) + 0.41]

  • 1,722.25 = X * 1.194

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3 years ago
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