The Jacob Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $500,000. At the time of acquisition, Jacob paid $20,000 to have the assets appraised. The appraisal disclosed the following values: Land $100,000 Buildings 200,000 Equipment 300,000 What costs should be assigned to the buildings?
A) $166,667
B) $173,333
C) $200,000
D) $260,000
B
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All of the statements below are ways in which the researcher can encourage respondents to provide information they are unwilling to give except ________
A) preface the question with a statement that the behavior of interest is common B) provide response categories rather than asking for specific figures C) use randomized techniques D) all of the above
The main purpose of reporting diluted earnings per share is to
a. provide a comparison figure for debt holders. b. indicate earnings shareholders will receive in future periods. c. distinguish between companies with a complex capital structure and companies with a simple capital structure. d. show the maximum possible dilution of earnings.
What are the consequences of a defective incorporation?
Issuing a note payable is a(n):
A. Claims exchange transaction B. Asset exchange transaction C. Asset use transaction D. Asset source transaction