What is the cost of the land

Assignment Help Accounting Basics
Reference no: EM131140274

1. The following expenditures were incurred by Obermeyer Company in purchasing land: cash price $70,000, accrued taxes $3,000, attorneys' fees $2,500, real estate broker's commission $2,000, and clearing and grading $3,500.What is the cost of the land? 

Reference no: EM131140274

Questions Cloud

Method of undetermined coefficients to a single ode : Write a short report in which you compare the application of the method of undetermined coefficients to a single ODE and to a system of ODEs, using ODEs and systems of your choice.
Neeley company incurs the following expenditures : Neeley Company incurs the following expenditures in purchasing a truck: cash price $30,000, accident insurance $2,000, sales taxes $1,500, motor vehicle license $100, and painting and lettering $400.
Explain the electoral process : Explain the electoral process (summarize electoral voting, party activity, the influence of public opinion, interest groups, and direct action)
Harley davidson motor company mission statement : 1.Joe Leung is a machinist and owns a small factory in Changchun, Jilin Province. Leung makes parts for a Chinese auto manufacturer and does a little work for his friend's auto repair shop. Leung hires you to help him explore ways in which he can gro..
What is the cost of the land : The following expenditures were incurred by Obermeyer Company in purchasing land: cash price $70,000, accrued taxes $3,000, attorneys' fees $2,500, real estate broker's commission $2,000, and clearing and grading $3,500.
Should asia be a strategic priority for the united states : Should Asia be a strategic priority for the United States? Consider the United States' sustainment in an Asia-centric strategy and how the US is implementing its Asia Pivot strategy
Implement to ensure its compliance with laws or regulations : Define two (2) government laws or regulations, which your company must comply with. These can be at the federal, state, or local level. Describe a policy/procedure/action your company could implement to ensure its compliance with the laws or regulati..
What order should these jobs be done : Job 3 will take seven on A and three on B. Job 4 will take five hours on A and one hour on B. Using Johnson’s rule, in what order should these jobs be done?
The transaction has commercial substance : Tatum Refrigeration Company trades in an old machine on a new model when the fair market value of the old machine is greater than its book value.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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