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Keen Company's accounting records indicated the following information: A physical inventory taken on December 31, 2012, resulted in an ending inventory of $1, 050,000. Keen's

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Keen Company's accounting records indicated the following information: A physical inventory taken on December 31, 2012, resulted in an ending inventory of $1, 050,000. Keen's gross profit on sales has remained constant at 25% in recent years. Keen suspects some inventory may have been taken by a new employee. At December 31, 2012, what is the estimated cost of missing inventory? a. $75,000. b. $225,000. c. $300,000. d. $375,000. What this Inc. contracted make up name Inc. to purchase land and to construct a building in 2015. The cost of the land was $100,000. The cost to excavate for the foundation was $100,000 and the cost for the construction of the building was $1, 900,000. The actual interest was $250,000. The avoidable interest was $125,000. All the expenditures are paid in cash. Book the entries for these facts (debit land, building, interest expense, etc.)

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