Answer:
$377,835
Explanation:
The cost of an assets include Purchase Costs and other costs directly related to place to asset in the location and condition intended for use by the management.
<u>Thus, calculation of the Cost of the Land will be as follows :</u>
Cash payment $42,000
Short term note $307,000
Legal Costs $2,335
Delinquent taxes $11,900
Fees to remove old buildings ($19,800 - $5,200) $14,600
Total $377,835
Conclusion :
Therefore, the cost of the land to be reported on the balance sheet is $377,835
Answer and Explanation:
The Journal entry is shown below:-
Retained earning Dr, $3.932 B
To Dividends payable $3.932 B
(Being dividend declared is recorded)
Working Note
Retained earning = 7.71 B × $0.51
= $3.932 B
Therefore for recording the dividend declared we simply debited the retained earning and credited the dividend payable.
Answer:
substantiated.
Explanation:
EZ Workout is not saying that Fit Step is good for you because it will make you feel better and fitter, it is saying that it measurably increases the length of the lives of it users.
When an advertisement states alleged facts it must be able to provide proof of evidence or claim substantiation, if not, they can be accused of deceptive advertising.
Considering the situation described above, this demand for bread can be categorized as a "<u>static demand</u>."
This is because a <u>static demand</u> is a type of demand that is not flexible at any given point.
Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.
Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a <u>Static demand</u> because it is stable throughout the year.
Hence, in this case, it is concluded that the correct answer is "<u>Static Demand</u>."
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