Question
Carla Vista Travel Agency purchased land for $91,000 cash on December 10, 2020. At December 31, 2020, the land's value has increased to $94,400. What
Carla Vista Travel Agency purchased land for $91,000 cash on December 10, 2020. At December 31, 2020, the land's value has increased to $94,400. What amount should be reported for land on Carla Vista's balance sheet at December 31, 2020?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
