Fish Farm Corporation purchases a new tract of land on which it is going to build new growing and holding tanks in order to expand its business. Which of the following costs would not be part of the cost of the land?
a. costs to run a title search
b. costs of grading to level the land
c. costs of tearing down an existing structure
d. cost of the new holding tanks
D
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The point where joint products or services become separable and identifiable is known as split-off point
Indicate whether the statement is true or false
When purchases of merchandise are made on account and the perpetual method is used, the transaction would be recorded with the following entry: ________
a. debit Merchandise Inventory, credit Accounts Payable b. debit Accounts Payable, credit Merchandise Inventory c. debit Purchases, credit Sales d. debit Merchandise Inventory, credit Cash
Saying "wanna" instead of "want to" is an example of:
A. rising pitch. B. falling intonation. C. careless enunciation. D. fast tempo.
Billy has decided that he can raise the price on the Curious t-shirt by 10% without losing sales. If he raises the price, his profits will:
A) increase by 10%. B) decrease by 10%. C) increase by $2.50. D) increase by $125.