User Account

All Pages

What amount does pippen clinic record as cost for the land

Assignment Help Financial Accounting
Reference no: EM132790170

Question - Pippen Clinic Ltd. purchases land for $287,500 cash. The title and legal fees totalled $1,200. The clinic has the land graded for $30,000. What amount does Pippen Clinic record as the cost for the land?

(a) $287,500

(b) $288,700

(c) $317,500

(d) $318,700

Reference no: EM132790170

Questions Cloud

Calculate pb and pi for the project : Calculate PB, DPB, NPV, IRR and PI for the project. The machine will be sold in year 5 for $37,500 and is 5-year property. The sale of machine not be calculated
What was the absorption costing net operating income : Fixed manufacturing overhead cost was P6 per unit. What was the absorption costing net operating income last year
Identify what can be automated or what can not be via rpa : Focus: Inventory and Supply Chain Management, What criteria did you use to identify what can be automated or what can't be via RPA?
What may shift aggregate supply to the right : What are the different effects between aggregate demand-based growth and aggregate supply-based growth?
What amount does pippen clinic record as cost for the land : The title and legal fees totalled $1,200. The clinic has the land graded for $30,000. What amount does Pippen Clinic record as the cost for the land
Calculate the standard deviation of return on the investment : Calculate the standard deviation of return on this investment. You own a well-diversified portfolio. You are considering a small investment in a local start-up
Describe a multinational corporation : Imagine you oversee a developing country's growth and have been approached by a multinational corporation interested in locating in your country.
What is the initial outlay that will be incurred : Patti's is in a 40 percent tax bracket and has a required return of 13%. What is the initial outlay that will be incurred if Patti's decides to move forward
Demonstrate an understanding of the reporting requirements : Demonstrate an understanding of the reporting requirements of auditing standards and Demonstrate an understanding of the auditor's professional, legal

Reviews

Write a Review

Financial Accounting Questions & Answers

  Signs an agreement to make this amount payable

On January 1, 2010, Charles Jamison borrows $40,000 from his father to open a business.

  What is the amount of these two payments

A company has decided to provide your team $200,000 today for your efforts. It expects you to pay two equal payments at the end of years 4 & 5 only with a 12% annual interest rate. What is the amount of these two payments?

  What are the current profit margins on both given trips

What are the current profit margins on both trips? Describe two ways that Take-a-Break Travel could cut its costs to get the profit margin back to their original levels.

  What is the semi-annual cash interest payment on the bonds

Barclay Company, What is the interest expense at the end of the first 6 months for the bonds, if the bonds were issued at $345,639?

  Variable expenses and fixed expenses are expected

In 2011, Masset sold 3,000 units at $300 each. Variable expenses were $210 per unit, and fixed expenses were $180,000. The same selling price, variable expenses, and fixed expenses are expected for 2012. What is Masset's break-even point in units for..

  What is the npv if the firm replaces the old welder

The applicable corporate tax rate is 25%, and the project cost of capital is 12%. What is the NPV if the firm replaces the old welder with the new one?

  Variable costing treats fixed overhead as period cost

Variable costing treats fixed overhead as a period cost. Absorption costing treats fixed overhead as a period cost. Absorption costing treats fixed overhead as an expense in the period it is incurred. Variable costing excludes all overhead from produ..

  What was the cost of goods manufactured for the month

Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000. The beginning work in process inventory was $16,000 and t..

  Explain how much should ted include in his gross income

The next week he received a $100 check from the manufacturer. Explain how much should Ted include in his gross income

  What would new estimate of the cost of equity be

If its beta was incorrectly estimated, and a new revised estimate of 1.8 was used in the calculations, what would its new estimate of the cost of equity be?

  The cost of an equivalent unit is equal

The cost of an equivalent unit is equal to:

  Regulation of the audit profession

Regulation of the Audit Profession and reporting Financial Performance

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