Question
theses questions i need help with. idk what accounts they there? Land with a cost of $208,000 that is intended to be used by the
theses questions i need help with. idk what accounts they there?
Land with a cost of $208,000 that is intended to be used by the company as a building site was reported at its current value of $260,000.
A surplus parcel of land with a cost of $150,000 intended for resale in the near future is reported at its current value of $160,000.
The president of Marietta, Deanna Durnford, decided it wasn't necessary to classify assets and liabilities as current and non-current because she expects to operate the company for only another 10 years.
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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
