If a company is considering the purchase of a parcel of land that was acquired by the seller for $97,000, is offered for sale at $174,000, is assessed for tax purposes at $107,000, is recognized by the purchaser as easily being worth $164,000, and is purchased for $161,000, the land should be recorded in the purchaser's books at Multiple Choice a.$107,000. b.$161,000 c.$162,500.
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Business, 21.06.2019 19:30
How can a poor housing market put home buyers in a financially unstable position? a. changing property values means it’s easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.
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Business, 22.06.2019 16:30
Why is investing in a mutual fund less risky than investing in a particular company’s stock?
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Business, 22.06.2019 21:50
Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts
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Business, 22.06.2019 23:30
An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would:
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If a company is considering the purchase of a parcel of land that was acquired by the seller for $97...
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