Question
47 2 pts Graft Company purchases an old warehouse as its corporate headquarters. The warehouse requires some work before the company can use the building.
47 2 pts Graft Company purchases an old warehouse as its corporate headquarters. The warehouse requires some work before the company can use the building. After replacing the stained carpeting and repairing the roof due to a large leak, the warehouse is used as a corporate headquarters. After using the warehouse for two weeks, Graft Company pays $500 each month for a cleaning service. Which of the following statements is true? The cost of the building does not include the cost of replacing the stained carpeting, repairing the roof or cleaning the building. The cost of the building does not include the cost of repairing the roof or cleaning the building O The cost of the building includes the cost of replacing the stained carpeting and repairing the roof. O The cost of the building includes the cost of replacing the stained carpeting, repairing the roof and cleaning the warehouse. D Question 48 Callie's Cattle Company sold equipment for $18,000 cash. The equipment originally cost the company $72,000. At the time of the sale, the accumulated depreciation account had a $60,000 balance. The company's sale of equipment results in a O $6,000 increase in stockholders' equity. $12,000 increase in stockholders' equity. O $12,000 decrease in stockholders' equity. $6.000 decrease in stockholders' equity. 2 pts
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