Question
Pitney Company purchased an office building, land, and furniture for $780,000 cash. The appraised value of the assets was as follows: Land $ 96,096 Building
Pitney Company purchased an office building, land, and furniture for $780,000 cash. The appraised value of the assets was as follows:
Land $ 96,096
Building 288,288
Furniture 489,216
Total $ 873,600
Compute the amount to be recorded on the books for each asset. Show the purchase in a horizontal statements model.
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Auditing Employee Management
Authors: Kelli W. Vito, SPHR, CCP
1st Edition
0894137190, 9780894137198
