Riverboat Adventures pays $390,000 plus $11,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $64,500, a building appraised at $137,600, and paddleboats appraised at $227,900. Compute the cost that should be allocated to the building.
A. $128,320.
B. $124,800.
C. $64,672.
D. $201,248.
E. $137,600.
Answer: A
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Indicate whether the statement is true or false
Parker owns and operates Rancho Mirage Corporation, a destination resort in Arizona that features horseback riding and bunkhouse accommodations. The Constitution provides that no person shall be deprived of "life, liberty, or property without due process of law." Included as "legal persons" under this clause are
A. the bunkhouses and other "manmade creations." B. the corporation and Parker. C. horses and other "beings in nature." D. none of the choices.
The role of a domestic company that sells to an export merchant (also called a buyer for export) is to:
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