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Tresset [83]
3 years ago
5

What is the difference between real property and real estate...? real property consists of the land, while real estate consists

of the rights to use the land Real property consists of anything permanently attached to the land, while real estate consists of the bundle of rights to the land Real property consists of the land, land rights, and anything permanently attached to the land, while real estate consists of a structure attached to the land Real property consists of a structure attached to the land, while real estate consists of the land and the rights to use the land
Business
1 answer:
enyata [817]3 years ago
6 0

Answer:

Real property consists of the land, land rights, and anything permanently attached to the land, while real estate consists of a structure attached to the land

Explanation:

Real estate refers to land that has a physical existence and the resources, structures are attached to it also it expands with respect to the rights of ownership and usage

While on the other hand the real property comprises fo land, rights of the land, and the thing that is permanently attached with respect to the land

Therefore the last second option is correct

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3 years ago
National Orthopedics Co. issued 8% bonds, dated January 1, with a face amount of $550,000 on January 1, 2021. The bonds mature o
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Answer:

1) the price of each bond:

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PV of coupon payments = $40 x 6.4632 (PV annuity factor, 5%, 8 periods) = $258.53

market price per coupon = $935.37

2) journal entry to record issuance of the bonds:

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Dr Cash 514,453.50

Dr Discount on bonds payable 35,546.50

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3) I used an excel spreadsheet    

4) June 30, 2021, first coupon payment

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5) December 31, 2024, last coupon payment

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Download pdf
4 0
3 years ago
Michael Anderson is starting a computer programming business and has deposited an initial investment of $15,000 into the busines
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Answer:

a.increase in assets (Cash) and increase in owner's equity (Michael Anderson, Capital)

Explanation:

we solve this using the accounting equation

Assets = Liabilities + Equity

The cash would represent currency own by the company. That is the definition of assets. Something own by the company that either is cash or can be converted into cash in the future or help to provide an inflow of cash.

Now, as Asset increase by 15,000 the other side must also increase.

The company has no liability against the owner Thus this will be an equity account Which precisely, it represent the capital of the owners.

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3 years ago
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