« previous next »

Author Question: On May 20, White Repair Service extended an offer of 108,000 for land that had been priced for sale ... (Read 31 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jul 6, 2018
On May 20, White Repair Service extended an offer of 108,000 for land that had been priced for sale at 140,000.On May 30, White Repair Service accepted the seller's counteroffer of 115,000 . On June 20, the land wasassessed at a value of 95,000 for property tax purposes. On July 4, White Repair Service was offered 150,000for the land by a national retail chain. At what value should the land be recorded in White Repair Service'srecords?
 a. 108,000
  b. 95,000
  c. 140,000
  d. 115,000

Question 2

Which of the following capital assets would not be considered a general capital asset?
 
  A. Land at the local municipal park
  B. A highway bridge maintained by a city government
  C. Infrastructure associated with the local water system
  D. Public safety vehicles


iceage

  • Guest
Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Astronaut Piers Sellers during the third spacewalk of STS-121, a demonstration of orbiter heat shiel Astronaut Piers Sellers during the third spacewalk of STS-121, a demonstration of orbiter heat shiel
A blood smear. The smear reveals representative cells from each formed element group: red blood cell A blood smear. The smear reveals representative cells from each formed element group: red blood cell
Neptune - Great White Spot Neptune - Great White Spot
The Distribution of the World's Land and Population The Distribution of the World's Land and Population
White, Blond and Brown Roux White, Blond and Brown Roux
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library