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kakasveta [241]
2 years ago
12

Fullerton Waste Management purchased land and a warehouse for $720,000. In addition to the purchase price, Fullerton made the fo

llowing expenditures relate to the acquisition: broker’s commission, $42,000; title insurance, $9,000; miscellaneous closing costs, $12,000. The warehouse was immediately demolished at a cost of $30,000 in anticipation of the building of a new warehouse. Determine the amounts Fullerton should capitalize as the cost of the land and the building.
Business
1 answer:
g100num [7]2 years ago
8 0

Answer:$813,000

Explanation:

The cost of property plants and equipment in relation to IAS 16 includes the purchase price, related tax, transportation, professional fee, first insurance cost, and all other costs incurred to put the property in a position to be put into the desired use. The cost also includes all related miscellaneous cost.

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Corona Industries purchased a stamping machine on January 2, 20X1, for $100,000. It made an initial payment of $20,000 and finan
Anestetic [448]

Answer:

(a) DR Loss on disposal of asset $7,000 CR Land $7,000

4 0
2 years ago
addresses unknown parameters in the real world that parallel descriptive measures of very large population? A. The sample mean /
Airida [17]

Answer:

The answer is "Option B".

Explanation:

Inferential statistics was its process through which data collection is used to conclude the property or even an implicit wave function. Its analysis infers these same features of inhabitants. Its purpose is to use statistical strategies to determine important assumptions regarding sample size, and  other choices were wrong which can be defined as follows:

  • In option A, it defines the average of the given values, that's why it is wrong.
  • In option C, It is used to0 describes a number of samples that's why it is wrong.
7 0
1 year ago
Which of the following are elements you should include in meeting minutes? Check all that apply. Old business, new business, and
kompoz [17]

Answer:

-Old business, new business, and reports

-Your opinions of the motions

-Approval of previous minutes

Explanation:

Meeting minutes are the written or recorded documentation that is used to inform attendees and none attendees about what was discussed or what happened during a meeting. Minutes usually include Names of participants. Agenda items covered. Decisions made by participants.

Meeting minutes act as a measuring stick, Minutes record meeting decisions, which makes them a useful review document when it comes time to measure progress. They also act as an accountability tool because they make it clear whose duty it was to perform which action.

4 0
2 years ago
On December 31, 2021, Gardner Company holds debt securities classified as HTM with a face amount of $100,000 and a carrying valu
Liono4ka [1.6K]

Answer:

there are no options, but the journal entry should be:

Dr Cash 2,500

Dr Investment in bonds 350

    Cr interest revenue 2,850

Explanation:

Since the bonds' carrying value is less than the face value, it means that Gardner Company purchased them at a discount. When the bonds were purchased, the investment in bonds account's balance was not $100,000 (the par value), instead it was recorded at the lower amount at which they were purchased. As coupon payments are received, the discount on the bonds is amortized and their carrying value should increase until it reaches par value on maturity date.

4 0
2 years ago
Which of the following statements correctly compares/contrasts economies of scale and economies of scope?a) economies of scale r
nikitadnepr [17]

Answer:

d) economies of scale result from decline in the average cost of production per unit as volume increases whereas economies of scope result from decline in the average cost of production due to the sharing resources across products and services.

4 0
2 years ago
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