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Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $ 280,000 for the lot plus $ 110,000 for the old building. The company pays $ 33,500 to tear down the old building and $ 47,000 to fill and level the lot. It also pays a total of $ 1,540,000 in construction costs this amount consists of $ 1,452,200 for the new building and $ 87,800 for lighting and paving a parking area next to the building. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid in cash.
the fasb was influenced by feedback from interested parties when pension accounting rules were developed. please cite
Suppose that, on March 28, 2020, this security's price is $38,260. If an investor had purchased it for $24,099 at the offering and sold it on this day, what annual rate of return would she have earned?
A machine is purchased by making payments of $5,000 at the beginning of each of the next five years. The interest rate was 10%. The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 fo..
sutherland manufactures and sells 110000 laser printers each month. a principal component part in each printer is its
What is the difference between accrual-basis accounting and cash-basis accounting? Why would politicians prefer the cash basis over the accrual basis?
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The CEO of a major restaurant chain, whose sales vary by no more than 1-2 percent per month, recommends that the company operate on a natural business year end. As the president of the company, do you support this decision? Why or why not?
benton company bc has one owner who is in the 35 federal income tax bracket. bcs gross income is 320000 and its
the sarbanoes-oxley act of 2002 sox has emphasized the importance of ethical behavior and codes of conduct. discuss the
what is the nature of an opportunity cost?it is always variable.it is a potential benefit.it is included as part of
What is the Uniform Partnership Act of 1997 and what is the relevance to partnership accounting and what types of items are typically included in the partnership agreement? Explain.
Russell (age50) and Linda (age45) Long have brought you the following information regarding their income and expenses for the current year. Russell owns and operates a landscaping business called Lawns and Landscapes Unlimited. The business is operat..
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