Question
Consider the following information relating to the purchase of land. Purchase price $95,000 Legal cost $4,100 Landscaping $15,000 The total cost of the land for
Consider the following information relating to the purchase of land.
Purchase price
$95,000
Legal cost
$4,100
Landscaping
$15,000
The total cost of the land for accounting purposes is:
Entry field with correct answer
$114,100
$95,000
$80,000
$99,100
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114100 EXPLANATION The total cost of the l...
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
