QUESTION 11 Entity B purchased land for a plant site for $75,000.Entity B also paid off a $1,200 lien on the land owed by the seller. Entity B also cleared and graded the land at a cost of $4,000 before commencing construction of its new plant. What was Entity B's cost of the land? $80,200. $79,000. O $75,000 $76,200. QUESTION 12 Which of the following items would be considered revenue expenditures that would not be capitalized? successful defense costs of a patent. addition of a lift on a delivery vehicle that improves its productivity installation of new electrical system in a building that extends its useful life by ten years. ordinary repairs and maintenance. QUESTION 13 A corporation might choose to issue a stock dividend to shareholders rather than a cash dividend because a stock dividend: is not taxable to the corporation. when issued, is not taxable to the shareholders. usually will result in a decrease of the stock price so the stock may become more widely held. all of the above