Wyoming Real Estate purchased a building for $600,000 in 2002 . At the end of 2014, when it had a book value of $450,000, it was appraised for $1,000,000 . A potential buyer offered $900,000 . Wyoming rejected the offer. What amount should is recorded on Wyoming's records at the end of 2014 in the account called Buildings?
a. $1,000,000
b. $900,000
c. $600,000
d. $450,000
c
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By allowing the U.S. citizens to practice any religion of their choice, what essential function of the law does the U.S. Constitution serve?
A) facilitating orderly change B) maintaining the status quo C) maximizing individual freedom D) facilitating planning
As a sales promotion tactic, why do marketers prefer using rebates?
A. because they offer incentives that encourage satisfied customers to become repeat customers B. because they are easy for the customer to use C. because they offer the customer a chance to actually try the product D. because they are most effective on everyday purchases E. because customers often fail to redeem them
To be enforceable as a contract, a writing must have been signed by the party who seeks to enforce it.
Answer the following statement true (T) or false (F)
Westmore Ltd. is a British subsidiary of a U.S. company. Westmore's functional currency is the pound sterling (£). The following exchange rates were in effect during 2018: Jan.1£1=$1.60June 30£1=$1.64Dec.31£1=$1.61Weighted average rate for the year£1=$1.59?On December 31, 2018, Westmore had accounts receivable of £280,000. What amount (rounded) would have been included for this subsidiary in calculating consolidated accounts receivable?
A. $173,913. B. $450,800. C. $448,000. D. $445,200. E. $176,100.