Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Bill Amends, owner of Marigold Estate Inc., buys and sells commercial properties. Recently, he sold land for $3,170,000 to the Blackhawk Group, a developer that plans to build a new shopping mall. In addition to the $3,170,000 sales price, Blackhawk Group agrees to pay Marigold Estate Inc. 1% of the retail sales of the mall for 10 years. Blackhawk estimates that retail sales in a typical mall project is $940,000 a year. Given the substantial increase in online sales that are occurring in the retail market, Bill had originally indicated that he would prefer a higher price for the land instead of the 1% royalty arrangement and suggested a price of $3,445,000. However, Blackhawk would not agree to those terms. What is the transaction price for the land and related royalty payment that Marigold Estate Inc. should record?
A company had 400,000 shares of $10 per value common stock outstanding. What is the balance in the common stock account after the issuance?
Which of the following is TRUE regarding an indorser's liability on a note?
A Parent-Subsidiary relationship between companies develops when one company owns greater than 50% of another company's voting stock. Deferred income taxes often result from temporary timing differences in the recognition of revenue and expense items..
Mimi is the healthcare manager at physical rehabilitation,Are scenarios in the realm of managerial accounting, financial accounting, or both? Why do think this?
Will the use of IT eliminate the audit trail, making it impossible to trace individual transactions from their origin to the summary total in the financial statements? Explain. How do the American Institute of Certified Public Accountants (AICPA) and..
Why must inter-company transactions be reversed? If not reversing the transactions, what effects do think may have on a fair presentation of financial reports?
A city constructs curbing in a new neighborhood and finances it as a special assessment. Under what condition should this activity be recorded in the Agency Fund?
Assuming a 40% marginal tax rate. AlM's net cash investment at the time of purchase if the old equipment is sold and the new one purchased is
Your division is considering two investment projects, each of which requires an up-front expenditure of $15 million. What are two projects net present values
What is the book value of the asset on December 31, 2022? he cost of the asset was 140,000, with an estimated useful life of 8 years.
Expected pay-out on residual value guarantee: $8,000. What is the amount that NC will record for interest expense for its year-ended December 31, 20X6
Thereafter, its cash flows will grow at the inflation rate of 3%. If the applicable interest rate is 8%, estimate its value if you will sell the firm in 10 year
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd