subject
Business, 25.06.2019 04:40 strange5eyes

On may 7, carpet barn company offered to pay $83,000 for land that had a selling price of $105,000. on may 15, carpet barn accepted a counteroffer of $95,000. on june 5, the land was assessed at a value of $115,000 for property tax purposes. on december 10, carpet barn company was offered $135,000 for the land by another company. at what value should the land be recorded in carpet barn company's records?

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 16:10, 2xLaFlare
Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.
Answers: 1
image
Business, 21.06.2019 17:30, beelcypher
Being an expert problem solver is something you're either born with or not. true or false
Answers: 2
image
Business, 22.06.2019 02:20, fdasbiad
Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.
Answers: 2
image
Business, 22.06.2019 07:30, edna27
When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?
Answers: 2
You know the right answer?
On may 7, carpet barn company offered to pay $83,000 for land that had a selling price of $105,000....

Questions in other subjects: