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Wilson Co. purchased land as a factory site for $600,000. Wilson paid $60,000 to tear down two buildings on the land. Salvage was sold for $5,400. Legal fees of $3,480 were paid for title investigation and making the purchase. Architect's fees were $31,200. Title insurance cost $2,400, and liability insurance during construction cost $2,600. Excavation cost $10,440. The contractor was paid $2,200,000. An assessment made by the city for pavement was $6,400. Interest costs during construction were $170,000.The cost of the building that should be recorded by Wilson Co. is
Assuming no differences between accounting income and taxable income other than those described above:
many organizations have been in the news over the past few years due to accounting ethical breaches that have affected
brown jones and smith formed a partnership with brown contributing 60000 jones contributing 50000 and smith
suppose a corporations bonds have 8 years remaining to maturity. in addition suppose the bonds have a 1000 face value
A company manufactures a single product. During year 2012, a total of 20,000 units of this product were produced and 15,000 units were sold. The sales price was $20.00 per unit.
the financial statements of hudson manufacturing company report net sales of 500000 and accounts receivable of 50000
identify at least three 3 risk factors inherent in estimating the amount of customer write-offs. explain the procedural
portsmouth company makes fine colonial reproduction furniture. upholstered furniture is one of its major product lines
ten years ago treece manufacturing bought equipment for their copperbronze division at their production facility. they
popper co. acquired 80 of the common stock of cocker co. on january 1 2004 when cocker had the following stockholders
suze and bess formed the suzy b company by making capital contributions of 130000 and 195000 respectively. they predict
What is the purpose of a bank reconciliation?
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