User Account

All Pages

What amount should cleopatra record the land acquired

Assignment Help Science
Reference no: EM132851898

Question 1: Cteopatra Company owns a tract of land that it purchased in 2017 for 1 point P2,000,000. The land is held as a future plant site and has a fair value of P3,000,000 on July 1, 2020. Caesar Company also owns a tract of land held as a future plant site. Caesar paid P3,600,000 for the land in 2018 and . the land has a fair value of P3,800,000 on July 1, 2020. On this date. Cleopatra exchanged its land and paid P1,000,000 cash for the land owned by Caesar. The configuration of cash flows from land acquired is expected to be significantly different from the configuration of cash flows of the land exchanged. At what amount should Cleopatra record the land acquired in the exchange?

Reference no: EM132851898

Questions Cloud

Implement an object recognition method in python : Implement an object recognition method in Python or C/C++ to recognise different objects. Please consult your lecture notes for an overview of object
What are the reportable segments based on profit or loss : Segment W, P1,000,000; Segment X , (P2,000,000); Segment Y, P400,000; Segment Z, (P200,000). What are the reportable segments based on profit or loss?
Challenges associated with policy and legislative changes : How have legislation and policies changed in the past decade? What are some of the challenges associated with the policy and legislative changes?
How much should the land he recorded in the books : Current assessed values for the land and building, reapectively are P4500000 and 7,000,000. How much should the Land he recorded in the books?
What amount should cleopatra record the land acquired : What amount should Cleopatra record the land acquired in the exchange? Cteopatra Company owns a tract of land that it purchased in 2017
What audit opinion will you provide in the situation : You were engaged to audit the Chowdhury Ltd's financial statements. What Audit opinion will you provide in this situation -Unqualified or Qualified?
Discuss the cornell notetaking method : Discuss the Cornell notetaking method (based on the activity in this lesson). Also, discuss 2 other notetaking success strategies you learned.
What amount is capitalizable borrowing cost for katrina co : Earned interest insome amounting to P35,000. The warehouse was completed on December 31, 2020. What amount is capitalizable borrowing cost?
Confidence interval for the mean rate : Construct a 99% confidence interval for the mean rate and interpret it.

Reviews

Write a Review

Science Questions & Answers

  Journal of pharmaceutical sciences

This journal is a scientific publication of Indian Pharmaceutical Association and highlights various bright points of it.

  Optical fibres

This document discuss about the main attributes and characteristics of optical fibres.

  Micro organisms

This project report reveals the fact and proves a specific objective mentioned to be studied upon.

  Describing histology of an organ

The discussion of the technique should include a literature review on the evolution of the technique.

  Interpret the sensitivity of mammography

Calculate and interpret the sensitivity of mammography. Diagnostic test with Sensitivity 50%, Specificity 50% and prevalence 50%. Crude mortality rate. Damage caused by motor vehicle accidents.

  Discuss the role that science plays in your daily life

Role that science plays in your daily life and Integrity, Intensity, Innovation, and involvement in scientific field

  Prepare a flexible budget gator divers

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Neurological disorders

Designing a neuroprosthesis for the neurological disorders

  Complexity of cell surfaces

Lipid rafts provide another example of the complexity of cell surfaces in both their structural character and biologic functionality. Please explain the nature of these structures and their functionality.

  Exploratory activity on bird beaks

Describe how natural selection and evolution are demonstrated by this activity

  Spatial and temporal variation of heat content in the upper

In this study the temporal and spatial variation of heat content in the upper 70m layer of the Arabian Sea was for a period of 1991 to 2008 have been attempted.

  Earthquake databases

Earthquake Databases

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