FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

These expenditures were incurred by Bramble Company in purchasing land: cash price $86,000, assumed accrued taxes $5,100. attorneys' fees $3,600, real estate broker's commission $1,600,

image text in transcribed
These expenditures were incurred by Bramble Company in purchasing land: cash price $86,000, assumed accrued taxes $5,100. attorneys' fees $3,600, real estate broker's commission $1,600, and clearing and grading $5,200. What is the cost of the land? Cost of the land

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Training And Development Audit

The Training And Development Audit

Authors: Rosemary Harrison

2nd Edition

0955970725, 978-0955970726

More Books

Students also viewed these Accounting questions

Question

★★★★★
PCBs are human-made pollutants that are not synthesized in nature. However, a remote lake in Alaska was found to contain PCBs even though humans had never set foot near this body of water. Based upon...

Answered: 1 week ago

Question

★★★★★
3 (11 points) A company in the garment industry uses a Job Order Costing System. Customer orders begin in the cutting room where fabric is cut from patterns and fusible reinforcement is completed....

Answered: 1 week ago

Question

★★★★★
b. What is the probability that grain size is between 50 and 80?

Answered: 1 week ago

Question

★★★★★
Hawkins Corporation has the following balances at December 31, 2012. Projected benefit obligation .... $2,600,000 Plan assets at fair value ....... 2,000,000 Accumulated OCI (PSC) ....... 1,100,000...

Answered: 1 week ago

Question

★★★★★
These expenditures were incurred by Bramble Company in purchasing land: cash price $86,000, assumed accrued taxes $5,100. attorneys' fees $3,600, real estate broker's commission $1,600, and clearing...

Answered: 1 week ago

Question

★★★★★
On January 1, 2019, Paxton Company purchased a 70% interest in Sagon Company for $1,300,000, at which time Sagon Company had retained earnings of $500,000 and capital stock of $1,000,000. On January...

Answered: 1 week ago

Question

★★★★★
Diana and Ryan Workman were married on January 1 of last year. Diana has an eight-year-old son, Jorge, from her previous marriage. Ryan works as a computer programmer at Datafile Incorporated (DI)...

Answered: 1 week ago

Question

★★★★★
Lawson's Department Store faces a buying decision for a seasonal product for which demand can be high, medium, or low. The purchaser for Lawson's can order one, two, or three lots of the product...

Answered: 1 week ago

Question

★★★★★
Just need C Wildhorse Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending on customer preference. On June 1,...

Answered: 1 week ago

Question

★★★★★
(b) Complete the following table by finding the average rates of change of temperature over consecutive 2-hour intervals. Temperature on Day 3 Interval time (h) [0,2] [2,4] [4,6] [6,8] [8,10] [10,...

Answered: 1 week ago

Question

★★★★★
John at Tim's Toys was working on a custom-made miniature car for a customer. The job, BCB101, was begun in March. At the end of March, the job cost sheet for BCB101 showed direct materials of...

Answered: 1 week ago

Question

★★★★★
to promote and effect the cohesion of the organization: the corporate glue.

Answered: 1 week ago

Question

★★★★★
to facilitate a cultural and functional interchange in order to encourage managers to take a fresh look at problems and issues;

Answered: 1 week ago

Question

★★★★★
to gain top management involvement by ensuring that managers know the global resources of the organization;

Answered: 1 week ago

Previous Question Next Question