Question
These expenditures were incurred by Ivanhoe Company in purchasing land: cash price $ 58,210 , assumed accrued taxes $ 5,500 , attorneys fees $ 2,190
These expenditures were incurred by Ivanhoe Company in purchasing land: cash price $58,210, assumed accrued taxes $5,500, attorney’s fees $2,190, real estate broker’s commission $3,170, and clearing and grading $4,170.
What is the cost of the land?
| The cost of the land | $enter the cost of the land in dollars |
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Cost of the land Cash Price Accrued ...
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
