Business

3 July, 09:25

Gagner Clinic purchases land for $150,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land?

a. $132,200

b. $154,700

c. $150,000

d. $132,500

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Gagner Clinic purchases land for $150,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost averaging $140 per hour.

what mif the happen if you took the pollen from a rose bush that has yellow flowers

Determine Amos's gross income in each of the following cases: In the current year, Amos purchased an automobile for $25,000. As part of the transaction, Amos received a $1,500 rebate from the manufacturer. Amos sold his business.

8. Which factor is considered the most critical in determining where customers choose to shop? a. Store/website design b. Display c. Merchandise selection d. Service

Lew just purchased $67,600 of equipment that is classified as 5-year MACRS property. The MACRS rates are 20 percent, 32 percent, 19.2 percent, 11.52 percent, 11.52 percent, and 5.76 percent for Years 1 to 6, respectively.

New Questions in Business

What are some effects of multinational businesses?

When should you use capitalization? A. For all nouns in a sentence B. At the end of a sentence and in the footer C. At the beginning of a sentence and for proper nouns D. For verbs and nouns in a sentence

A child in a child passenger restraint system (car seat) should.

Compare items that are exempt and nonexempt from Chapter 7 fillings. (does A B C or D go with 1 or 2) (each letter must go with one) (1) Exempt (2) Nonexempt (A) second car (B) pension (C) household appliances (D) family heirlooms

A structure within which executives, managers, specialists, and workers are broken out is commonly known as what type of structure?