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Dahasolnce [82]
3 years ago
11

A building with an appraisal value of $128,156 is made available at an offer price of $153,050. The purchaser acquires the prope

rty for $32,829 in cash, a 90-day note payable for $26,957, and a mortgage amounting to $57,415. The cost basis recorded in the buyer's accounting records to recognize this purchase is
Business
1 answer:
elena55 [62]3 years ago
7 0

Answer:

$117,201

Explanation:

Calculation for what The cost basis recorded in the buyer's accounting records to recognize this purchase is

Using this formula

Cost basis=Cash+Note payable+Mortgage

Let plug in the formula

Cost basis=$32,829+$26,957+$57,415

Cost basis=$117,201

Therefore The cost basis recorded in the buyer's accounting records to recognize this purchase is $117,201

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abruzzese [7]

Answer:

C) because ultimately it is the change in a firm's overall future cash flows that matter.

Explanation:

Under capital budgeting decisions, decisions are made with respect to addressing the questions like what is the benefit of selecting the project and investing on it.

If the answer to above question is raised income, then the project is selected. Accordingly the raised income in cash terms will be measured by increase in cash flows, that is incremental cash flows.

In simplest terms additional cash flows.

8 0
3 years ago
With the start of each new era in japan, the country's capital changed locations. why?
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What are the advantages of taking a criminal case to the criminal grand jury?
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3 years ago
In order to accept payments by credit card, online merchants typically must have a merchant account established with a bank or f
vivado [14]

Answer:

A. True

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3 years ago
2.1: A debit is A : a decrease to an account. B : an entry on the left side of an account. C : an entry on the right side of an
Luba_88 [7]

Answer:

B : an entry on the left side of an account.

Explanation:

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The accounts that reported as an expense, losses, assets are recorded in the left-hand side of an account as it contains the debit balance.

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