Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help and also explain how to get the answer

please help and also explain how to get the answer In fiscal...

80.2K

Verified Solution

Question

Accounting

please help and also explain how to get the answer image
In fiscal 2023, Swifty Realty Corporation purchased unimproved land for $57,000. The land was improved and subdivided into building lots at an additional cost of $35,100. These building lots were all the same size but, because of differences in location, were offered for sale at different prices, as follows: Operating expenses that were allocated to this project totalled $19,300 for the year. At year end, there were also unsold lots remaining, as follows: Determine the year-end inwentory and net income of Swifty Realty. Ignore income taxes. (Do not round intermedlate calculations. Round final answers to 0 decimal ploces, es. 5,275. Year -end inventory Net income / (Loss)

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

Basic Math
1.2K views

A simple random sample of size nequals=8181 is obtained from a population with mu equals 73?=73 and sigma equals 18?=18. ?(a)...

Finance
1.2K views

you are saving for retirement. starting this month you will deposit $600 per month into a...

Physics
1.2K views

An open container holds ice of mass 0.570 kg at a temperature of -13.7 ∘C. The...

Advance Math
1.2K views

(PDE) Find the series soln to Ut=Uxx on -20 with Dirichlet boundary { U(t,-2)=0=U(t, 2) initial condition...

Biology
1.2K views

Which of the following is the most basic level of biodiversity A ecosystem B genes...

Physics
1.2K views

2 Two similar coils are kept mutually perpendicular such that their centres coincide At the...

Basic Math
1.2K views

It can be shown that if (x,x + 1,y) is a Pythagorean triple, then so...

Basic Math
1.2K views

Choose the best definition of compound eventsConsists of two or more simple events.None of the...

Accounting
1.2K views

Andretti...

Accounting
1.2K views

If a business had sales of $3,791,000 and a margin of safety of 20%, the...

Accounting
1.2K views

ZOOM + 1. Calculate the actual and budget department profit margins (remember profit margins are...

Accounting
1.2K views

F) To be deductible for tax purposes, a trade or business expenditure must be _____....