Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. q 1. on january 1st, 2021, aviation services exten

Q 1. On January 1st, 2021, Aviation services extended an offer 100,000Kd for its land....

50.1K

Verified Solution

Question

Accounting

Q 1. On January 1st, 2021, Aviation services extended an offer 100,000Kd for its land. The price increase was 20,000 Kd since the month of November. On February 15th, 2021, Aviation services made a counteroffer for 90,000kd which was accepted and bought by the buyer. At what value should the land be recorded in the Aviation services record?

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

Statistics
1.2K views

Currently students have several popular fast food options (e.g. Chick fil A, Wendy’s, Papa Johns, Au...

Biology
1.2K views

Amniotic Fluid Stem Cells (AFCS) though classified as adult stem cells have a remarkable ability to...

General Management
1.2K views

NIST cybersecurity framework. Summarize the purpose, approach, goals, and scope of this topic publication.( cite references)

Biology
1.2K views

Food water sunlight shelter and space are resources that are limiting factors messy wet found...

Physics
1.2K views

A 5 kg stationary bomb is exploded in three parts having mass in the ratio...

Calculus
1.2K views

Which values are in the domain of the given circular function s in radians a...

Calculus
1.2K views

Find dy dx dy d y dx and given y 6x3 6y dx Note Answers...

Calculus
1.2K views

Find the domain of the composite function f g 0000 f x g f x...

Accounting
1.2K views

Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $93,000....

Accounting
1.2K views

Required information Greenwood Company manufactures two products-13.000 units of Product Y and 5,000 units of...

Accounting
1.2K views

Wingman Distributing Company is expanding its supply chain to include a new distribution hub in...

Accounting
1.2K views

The share classes are as follows: LP1=B, LP2=B, and LP3=A. Question 1: How would you...