« previous next »

Author Question: Management's Discussion and Analysis is A. Part of the basic financial statements. B. Included ... (Read 113 times)

bclement10

  • Hero Member
  • *****
  • Posts: 560
on: Jul 5, 2018
Management's Discussion and Analysis is
 
  A. Part of the basic financial statements.
  B. Included in the introductory section of a CAFR.
  C. Required supplementary information.
  D. Optional in a CAFR.

Question 2

On October 17, Nikle Company purchased a building and a plot of land for 750,000 . The building was valued at 500,000 while the land carried a value of 250,000 . Nikle paid 300,000 down in cash and signed a note payablefor the balance. Provide the journal entry for this transaction.


mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

Oct. 17 Building 500,000
Land 250,000
Cash 300,000
Notes Payable 450,000
Purchased building and landwith cash down payment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

A shed carapace of a lady crab, part of the hard exoskeleton A shed carapace of a lady crab, part of the hard exoskeleton
Breast surgery. Surgical removal of all or part of the breast is a treatment against the spread of b Breast surgery. Surgical removal of all or part of the breast is a treatment against the spread of b
Developing a two part nursing diagnostic label Developing a two part nursing diagnostic label
Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2 Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2
How to solve any rational equation by finding the lowest common denominator (Part 2) How to solve any rational equation by finding the lowest common denominator (Part 2)
In a typical proteomic analysis, cells are exposed to different conditions In a typical proteomic analysis, cells are exposed to different conditions
Video: Burn Animation

For a complete list of videos, visit our video library