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On March 1, 2010, Edington Company acquired real estate, on which it planned to construct a small office building, by paying $96,328 in cash. An old warehouse on the property was demolished at a cost of $8,227; the salvaged materials were sold for $1,706. Additional expenditures before construction began included $1,218 attorney's fee for work concerning the land purchase, $4,310 real estate broker's fee, $9,690 architect's fee, and $13,536 to put in driveways and a parking lot.Determine the amount to be reported as the cost of the land.
Distinguish between the two categories of adjusting entries, and identify the types of adjustments applicable to each category.
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Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the work sheet. Do not total individual columns.
Global, Inc., owns a delivery truck which initially cost $30,000. After depreciation of $15,000 had been deducted, the truck was traded-in on a new truck that cost $60,000. Global was required to pay the car dealer $20,000 in cash. What is Global'..
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What was the book value per share of the outstanding common shares on December 31st 2007 ?
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you are required to prepare an audit plan for a federal department or agency. you will research and select a federal
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