asset 10. Which of the following is another name for propesy and equipment? a. Fixed assets b. Current assets c. Land assets d. Movable assets C. Intangible assets 11. Wingate Corporation purchases a piece of equipment and a warehouse for a total price of $210.000. The fair value of the equipment is $50,000, while the fair value of the warehouse is $200,000. At what amount should the equipment be recorded on Wingate's books? a. $210,000 $50,000 c. $52,500 d. $200,000 c. $42,000 50000 210,000 11. Wingate Corporation purchases a piece of equipment and a warehouse for a total price of $210.000. The fair value of the equipment is $50,000, while the fair value of the warehouse is $200,000. At what amount should the equipment be recorded on Wingate's books? a. $210,000 $50,000 c. $52,500 d. $200,000 c. $42,000 50000 210,000 12. Which of the following are the two types of misstatements? a Materiality and fraud b. Fraud and errors c. Errors and mismatch d. Materiality and errors e. Fraud and issues