User Account

All Pages

How abc cor records the cost of the building as

Assignment Help Accounting Basics
Reference no: EM132586544

ABC Corporation purchase land, building, and machinery for a lump-sum amount of $450,000. Based on the market valuation, an independent appraiser indicates that the market values for the land $360,000, Building $240,000, and the equipment is $150,000.

Question 1: ABC Cor records the cost of the building as:

Select one:

a. $150,000

b. $216,000

c. $240,000

d. $144,000

Reference no: EM132586544

Questions Cloud

What amount should be reported as gain on sale of securities : Supporting records of ABC CORP's trading securities portfolio, What amount should be reported as gain on sale of trading securities in 2017?
What the weighted average of expenditure is : What The weighted average of expenditure is?Expenditures were $2,400,000 on March 1, $1,980,000 on June 1, and $3,000,000 on December 31.
Assignment - Write Critique of the Paper : Assignment - Write Critique of the Paper. Paper - Towards a natural system of organism: Proposal for the domains Archaea, Bacteria, and Eucarya.
How rogers co debit the accumulated depreciation with : When recording the journal entry for this exchange, Rogers Co. debit the accumulated depreciation with?On January 1st, 2012, Rogers Co. has purchased equipment
How abc cor records the cost of the building as : How ABC Cor records the cost of the building as?ABC Corporation purchase land, building, and machinery for a lump-sum amount of $450,000.
Global team communication using technology : What types of technology supports effective global team communications? How might a Supply Chain Manager use technology to measure global team effectiveness?
Find the cost of equipment includes all the except : Find The Cost of Equipment includes all the except? Insurance on equipment in the first year of operations./Cost of special foundation
Smelling yellow-green sputum : A 79-year old man living in a nursing home has COPD, a lifetime history of heavy smoking, and hypertension. His caregivers note that
Why conflict may occur during objective-setting activities : There are three major approaches for minimizing and resolving conflict in an organization. Define the three approaches and give an example of each.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What information the management account can provide

For each decision, discuss what information the management account can provide about the source of competitive advantage for these firms.

  Parrett corp acquired one hundred percent of jones inc on

parrett corp. acquired one hundred percent of jones inc. on january 1 2009 at a price in excess of the subsidiarys fair

  Calculate net gains on trading securities reported

Calculate the following amounts for 2019: Net gains on trading securities reported in 2019 income and Net gains on AFS securities reported in 2019 income

  A car dealership sells a 3 year warranty to its customers

a car dealership sells a 3 year warranty to its customers for a one time fee paid at the time of enrollment. the

  Prepare new income statement for the year

Variable manufacturing costs are $4 per unit. Fixed manufacturing overhead totals $18,000 for the year. Prepare new income statement for the year

  Determine estimated amount of the assessment or settlement

What are some possible reasons that the CEO may hold his viewpoint, What should be your response to the CEO

  Compute the flexible budget variance

For March 2020, it budgeted to purchase and use 12 bolts of cloth, each 300 yards. Compute the flexible budget variance

  Compute the amount paid on each share of preferred stock

Compute the amount paid on each share of preferred stock in 2021. Compute the amount paid on each share of common stock in 2020.

  PAM100 Global Issues for the Finance Professional Assignment

PAM100 Global Issues for the Finance Professional Assignment, MSc in Professional Accountancy, Assessment Help, Coursework 2 (2019) - University of London, UK

  Calculate the sales for december

Calculate the cash collections from sales for each month from January through March. (Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).)

  Total stockholder equity

Preferred dividends declared 30,000 Common dividend declared 6,000 Unrealized holding loss, net of tax 3,000 Retained earnings, beginning balance 240,000 Common stock 120,000 Accumulated Other Comprehensive Income, Beginning Balance 15,000 What would..

  What is the annual operating income

What is the annual operating income? The manager salary increase still applies. What will the bar's operating income be?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd