Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $88,017. The Focus Company initially offered to buy the land for $113,378. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $103,980. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company? $212,000 $113,378 $103,980 $88,017

Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]

Witch is an example of a non durable good?

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9