Accounting records to recognize this purchase

Reference no: EM131064986

A building with an appraisal value of $154,000 is made available at an offer price of $172,000. The purchaser acquires the property for $40,000 in cash, a 90-day note payable for $45,000, and a mortgage amounting to $75,000. The cost basis recorded in the buyer's accounting records to recognize this purchase is 154,000 172,000 160,000 120,000

Reference no: EM131064986

Questions Cloud

Calculate the corresponding radii of gyration rx and ry : calculate the corresponding radii of gyration rx and ry

Determine approximate relative error after each iteration : If R = 3 m, to what depth must the tank be filled so that it holds 30 m3? Use three iterations of the false-position method to determine your answer. Determine the approximate relative error after each iteration

Explain what bond market condition : Explain what bond market condition would result the market price of a bond being less than par and what bond market condition would result in the market price of a bond being greater than par.

Write analysis paper about the greek government debt crisis : Write an analysis paper about The Greek government debt crisis. The goal is to understand how these crises develop and what role financial markets and institutions played in these crises - both positive and negative.

Accounting records to recognize this purchase : A building with an appraisal value of $154,000 is made available at an offer price of $172,000. The purchaser acquires the property for $40,000 in cash, a 90-day note payable for $45,000, and a mortgage amounting to $75,000.

Explain why believe it would be okay to use a packet sniffer : Provide one (1) example of a situation where the use of a packet sniffer might be justified. Explain why you believe it would be okay to use a packet sniffer in this situation.

Find the relationship between the radius r : Find the relationship between the radius r and the distance b for the composite area shown in the figure in order that the product of inertia Ixy will be zero.

Examine three cable maintenance tools : Examine three (3) cable maintenance tools that you would consider essential for a network team. Of the three (3) tools that you have examined, determine the one (1) that you believe is the most versatile. Provide one (1) scenario that demonstrates..

Determine the length of the channel : Determine the depth of the channel below the existing ground level if the minimum cross section area of the channel is 8 m2 and hence determine the channel profile equation.

User Account

All Pages