Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on september 1, the company paid $100,000 in cash

On September 1, the company paid $100,000 in cash for land and a building that...

50.1K

Verified Solution

Question

Accounting

On September 1, the company paid $100,000 in cash for land and a building that will be used as a warehouse. The land and building had a fair values respectively of $75,000 and $45,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

1 point Researchers tested a new cleansing product called Protective Daily Wash on 100 randomly...

Biology
1.2K views

1. What is secreted from both natural killer (NK) cells and cytotoxic T (TC) cells from...

Mechanical Engineering
1.2K views

Design for Sustainability (DFS) is a DFX emphasis on sustainability, meaning that the primary design emphasis...

Calculus
1.2K views

Draw a complete graph so that it has y axis symmetry 0 3 2 1...

Calculus
1.2K views

The typical ShakespeareanSonnet containsA. 4B. 10C. 12D. 14lines.Shall I Compare Thee to aSummer's Day(Sonnet 18)by...

Algebra
1.2K views

2 SALES A street vendor is selling T shirts outside of a concert arena The...

Accounting
1.2K views

75) An appraiser has been requested to appraise a poultry farm. This type of farm...

Accounting
1.2K views

1) Lenders considering loaning $100,000 for a 10 year term at 8% interest. Make 3...

Accounting
1.2K views

Formulate an LP model Find the optimal solution by using Excel Solver and submit Excel...

Accounting
1.2K views

Book value of common stockholders equity of FedEx, May 31,2020(figures in $ millions) ...

Accounting
1.2K views

Consider the following production and cost data for two products, L and C: Product L...

Accounting
1.2K views

Bracey Company manufactures and sells one product. The following information pertains to the company's first...