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Katena32 [7]
3 years ago
7

A company purchased land for $82,000 cash. Commissions of $8,000, property taxes of $8,500, and title insurance of $2,200 were a

lso incurred. The $8,500 in property taxes includes $5,400 in back taxes paid by the company on behalf of the seller and $3,100 due for the current year after the purchase date. For what amount should the company record the land
Business
1 answer:
AleksAgata [21]3 years ago
7 0

Answer:

the amount that company should record the land is $97,600

Explanation:

The computation of the amount that company should record the land is shown below:

The Amount should be recorded for land is

= Purchase price + Commission + Property tax paid on behalf of seller + Title insurance

= $82,000 + $8,000 + $5,400 + $2,200

= $97,600

hence, the amount that company should record the land is $97,600

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Answer:

$65,000 Favorable  

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3 years ago
What is the first step in amending the Texas Constitution?
kolezko [41]

Answer:

The answer is below

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us suppose that you open a savings account at the campus credit union. Into this savings account, you place $100 in savings. The
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Answer:

the  future value in two years is $110.25

Explanation:

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