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Wilson Co. purchased land as a factory site for $800,000. Wilson paid $80,000 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 ncost $10,440. The contractor was paid $2,500,000. 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.?
the general ledger of the karlin company a consulting company at january 1 2011 contained the following account
Calculate the following variances: Direct manufacturing labor rate variance, Direct manufacturing labor usage variance, Direct materials price variance (how we did it in the chat session), Direct materials usage variance
Assume total liabilities are $40,000, total stockholders' equity $75,000, and all assets, other than current assets, total $50,000. What would be the amount of current assets?
Please show your work. Thurco corp had revenues of $120,000 and expenses of $70,000 if thurco had $250,000 of equipment and other operating assets last year what is thurcos margin?
What are some journal entries that must be made at year-end to convert financial statements from accrual to cash basis?
minor difference in the terms of a contribution may justify major differences in revenue recognition.upon meeting with
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In a defined-benefit plan, the process of funding refers to
Prepare journal entries to record the following transactions related to long-term bonds of XYZ Co. On July 1, 2008 XYZ retired $150,000 of the bonds at 102 plus accrued interest. XYZ uses straight-line amortization.
What are the four (4) assumptions that underlie DVP analysis?
feathers motros advertised three alternatives for purchasing a new camry1 buy the car for zero dollar down and a
Calculate the balance of each acount after all the transactions and the account balances at the end of the month, prove the accounting equation is in balance.
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