{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T17:07:56-04:00", "answer_date": "2024-05-29 17:07:56", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1895970", "url": "\/study-help\/questions\/simpson-and-homer-corporation-acquired-an-office-building-on-three-1895970", "question_creation_date_js": "2024-05-29T17:07:56-04:00", "question_creation_date": "May 29, 2024 05:07 PM", "meta_title": "[Solved] Simpson and Homer Corporation acquired an | SolutionInn", "meta_description": "Answer of - Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,400,000. T | SolutionInn", "meta_keywords": "simpson,homer,corporation,acquired,office,building,three,acres,land,lump-sum,price,$3,400,000", "question_title_h1": " Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,400,000. The building was completely furnished.", "question_title": " Simpson and Homer Corporation acquired an office building on three acres", "question_title_for_js_snippet": "Simpson and Homer Corporation acquired an office building on three acres of land for a lump sum price of $3,400,000 The building was completely furnished According to independent appraisals, the fair values were $2,640,000, $3,300,000, and $660,000 for the building, land, and furniture and fixtures, respectively The initial values of the building, land, and furniture and fixtures would be a Building $2,640,000 Land $3,300,000 Fixtures $660,000 b $1,360,000 $1,700,000 $340,000 C $1,700,000 $1,360,000 $340,000 d None of these answer choices are correct ", "question_description": "\"image", "transcribed_text": "Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,400,000. The building was completely furnished. According to independent appraisals, the fair values were $2,640,000, $3,300,000, and $660,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be: a. Building $2,640,000 Land $3,300,000 Fixtures $660,000 b. $1,360,000 $1,700,000 $340,000 C. $1,700,000 $1,360,000 $340,000 d. None of these answer choices are correct.", "related_book": { "title": "Financial Accounting", "isbn": "78111021, 978-0078111020", "edition": "7th Edition", "authors": "LibbyShort", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/72.jpg", "uri": "\/textbooks\/financial-accounting-7th-edition-72", "see_more_uri": "" }, "free_related_book": { "isbn": "1138365076", "uri": "\/textbooks\/innovation-and-technology-transfer-in-japan-and-europe-industry-academic-interactions-1st-edition-978-1138365070-268132", "name": "Innovation And Technology Transfer In Japan And Europe Industry Academic Interactions", "edition": "1st Edition" }, "question_posted": "2024-05-29 17:07:56", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/campbell-biology\/explain-how-an-antibody-is-able-to-recognize-a-specific", "description": "Explain how an antibody is able to recognize a specific antigen. (Include an explanation of an epitope in your answer.)", "stars": 3 }, { "url": "\/an-alloy-steel-4340-is-to-be-used-in-an", "description": "An alloy steel (4340) is to be used in an application requiring a minimum tensile strength of 1380MPa (200,000psi) and a minimum ductility of 43%RA. Oil quenching followed by tempering is to be used....", "stars": 3 }, { "url": "\/study-help\/microeconomics-principles\/erik-wants-to-save-more-but-whenever-a-paycheck-arrives", "description": "Erik wants to save more, but whenever a paycheck arrives, he ends up spending everything. One way to help him overcome this tendency would be to: a. Teach him about time inconsistency. b. Tell him...", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/b-would-you-prefer-the-nonparametric-test-or-the-paired-1983558", "description": "=+b) Would you prefer the nonparametric test, or the paired t-test asked for in Chapter 13? Explain.", "stars": 3 }, { "url": "\/electron-inc-is-a-semiconductor-company-based-in-winnipeg-in", "description": "Electron Inc. is a semiconductor company based in Winnipeg. In 2013, it produced a new router system for its corporate clients. The average wholesale selling price of the system is $1,200 each. For...", "stars": 3 }, { "url": "\/study-help\/questions\/sanchez-company-sold-some-excess-equipment-at-a-loss-during-9828208", "description": "Sanchez Company sold some excess equipment at a loss during the current year. The following information was collected from the company's accounting records: No new equipment was bought during the...", "stars": 3 }, { "url": "\/study-help\/questions\/etermine-whether-the-random-variable-is-discrete-or-continuous-in-2047404", "description": "etermine whether the random variable is discrete or continuous. In each case, state the possible values of the rando ariable. =) The number of people with blood type A in a random sample of 29...", "stars": 3 }, { "url": "\/study-help\/questions\/1-belinda-needs-2400-fast-she-has-the-option-of-1000571", "description": "1. Belinda needs $2400 fast. She has the option of borrowing the $2400 for 5 days at an APR of 500% or borrowing the $2400 for 5 days with a fee of $180. She realizes that neither scenario is very...", "stars": 3 }, { "url": "\/study-help\/questions\/section-one-ipv4-network-identifiers-and-addresses-for-the-1011838", "description": "Section One - IPV4 Network Identifiers and Addresses For the following, indicate what its network identifier is, in binary. When doing so, use the table provided below to convert each octet to...", "stars": 3 }, { "url": "\/study-help\/questions\/question-5-5-pts-roberto-invested-a-total-of-10000-1586808", "description": "Question 5 5 pts Roberto invested a total of $10,000, part at 6% and part at 9%. How much did he invest in the LOWER interest account if the total interest earned in one year was $810 ? 1 answer", "stars": 3 }, { "url": "\/study-help\/questions\/within-the-northeastern-control-systems-industry-middleton-knew-of-no-1000036", "description": "Within the northeastern control systems industry, Middleton knew of no company that had conducted formal market research. Should he conduct further research himself, use the consultant or the student...", "stars": 3 }, { "url": "\/study-help\/questions\/check-billing-and-accounts-recordsplease-review-the-following-list-of-685197", "description": "Check billing and accounts recordsPlease review the following list of billing and account records from Table 4: Gelos Enterprises bank statement for its Small Purchases account. Check these billing...", "stars": 3 }, { "url": "\/study-help\/questions\/id-region-inventory-control-point-inventory-control-point-description-commodity-8256769", "description": "ID Region Inventory Control Point Inventory Control Point Description Commodity Description Transaction Type Transaction Quantity Unit Price Transaction amount Date 1 Eastern 3 9 2 A District 6 Er...", "stars": 3 }, { "url": "\/draw-two-scatterplots-one-for-which-r-1-and", "description": "Draw two scatterplots, one for which r = 1 and a second for which r = 21.", "stars": 3 }, { "url": "\/study-help\/elementary-statistics\/baby-weights-the-average-gestational-age-time-from-conception-to-1638960", "description": "Baby weights: The average gestational age (time from conception to birth) of a newborn infant is about 40 weeks. The following table presents the gestational age (in weeks) and corresponding mean...", "stars": 3 }, { "url": "\/study-help\/elementary-statistics\/sat-scores-using-the-data-in-exercise-9-a-compute-1638961", "description": "SAT scores: Using the data in Exercise 9: a. Compute the correlation coefficient between years of study and SAT score. b. Compute the coefficient of determination. c. How much of the variation in SAT...", "stars": 3 }, { "url": "\/study-help\/elementary-statistics\/commute-times-every-morning-tania-leaves-for-work-a-few-1638959", "description": "Commute times: Every morning, Tania leaves for work a few minutes after 7:00 A.M. For eight days, she keeps track of the time she leaves (the number of minutes after 7:00) and the number of minutes...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/i-dont-understand-this-last-year-year-1-we-decided-1895969", "next": "\/study-help\/questions\/the-accounting-records-of-teal-mountain-electronics-show-the-following-1895971" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " Simpson and Homer Corporation acquired an office building on three acres", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/simpson-and-homer-corporation-acquired-an-office-building-on-three-1895970" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }" } }