In year 2, the denim company bought an acre of land that cost $16,000. in year 5, another company purchased a nearby acre of land for $29,000 and a different company purchased another nearby acre of land for $27,000. as a result, an appraiser estimated that the acre owned by denim had increased in value to $28,000. if denim prepares a balance sheet at the end of year 5, the acre of land that it owns should be reported at:
(a) $16,300
(b) $29,300
(c) $27,300
(d) the average of all of the amounts.

If you want to compare two different investments, what should you calculate

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?