Given the following information, determine the cost of goods sold.
A) $504,500
B) $613,500
C) $604,000
D) $296,500
C) $604,000
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The recording of data falls under which stage of accounting?
A) Measurement B) Processing C) Communication D) Decision making
The United States Environmental Protection Agency (EPA) has mandated that, in order to reduce local pollution, all printing plants have to switch from oil-based inks to water-based inks
This will require entirely new printing presses and the procurement of a completely different printing plate technology. In this instance, the buying center of an organization using printing plants is most likely to face ________. A) a need for market segmentation B) a new task situation C) a straight rebuy situation D) a need for market diversification E) delayed differentiation
Alex has a small business of physical trainers. He has one location with three trainers and a front desk receptionist. He makes all the decisions on his own regarding his company. What type of organizational structure does Alex work in?
A. divisional B. simple C. matrix D. functional
Bluesy Company purchased land with a current market value of $240,000 . Its book value in the accounts of the seller was $130,500 . In exchange for the land, Bluesy issued 20,000 shares of its common stock, par $10, with an estimated market value of $14 per share. Bluesy stock is not traded on an established stock exchange. What amount should Bluesy record as the cost of the land?
a. $130,500 b. $200,000 c. $240,000 d. $280,000