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Wilson Co. purchased land as a factory site for $600,000. Wilson paid $60,000 to tear down two buildings on the land. Salvage was sold for $5,400. Legal fees of $3,480 were paid for title investigation and making the purchase. Architect's fees were $31,200. Title insurance cost $2,400, and liability insurance during construction cost $2,600. Excavation cost $10,440. The contractor was paid $2,200,000. An assessment made by the city for pavement was $6,400. Interest costs during construction were $170,000.The cost of the land that should be recorded by Wilson Co.
Identify and distinguish between the three classes of net assets required by SFAS No.117.
on january 1 2012 the eugene company ledger shows equipment 36000 and accumulated depreciation 13600. the depreciation
1 please discuss what the employment at will doctrine is and two exceptions to that doctrine. why do courts want to
finlon upholstery inc. uses a job-order costing system to accumulate manufacturing costs. the companys work-in-process
product a unit sales price 5 unit contribution margin .75 sales mix 80product b unit sales price 4 unit contribution
accounting help begin inventory 36400 sales 241000 first purchase 80420 sales 601000 second purchase 75440 sales 551000
products gamma and delta are joint products. the joint production cost of the products is 800. gamma has a market value
on january 1 a company purchased a five-year insurance policy for 1800 with coverage starting immediately. if the
vandross company has recorded bad debt expense in the pat at a rate of 1.5 of net sales. in 2014 vandross decides to
Determine sales and gross profit given cost of goods sold was $622,000 and net loss was ($41,000).
Dudley Hill Golf Club's market-to-book ratio is currently 2.9 times and the PE ratio is 6.95 times. Dudley Hill Golf Club's common stock is currently selling at $27.26 per share.
hoen manufacturing company experienced the following accounting events during its first year of operation. with the
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