On april 1, 2020, tamarisk company received a condemnation award of $447,200 cash as compensation for the forced sale of the company’s land and building, which stood in the path of a new state highway. the land and building cost $62,400 and $291,200, respectively, when they were acquired. at april 1, 2020, the accumulated depreciation relating to the building amounted to $166,400. on august 1, 2020, tamarisk purchased a piece of replacement property for cash. the new land cost $93,600, and the new building cost $416,000.
prepare the journal entries to record the transactions on april 1 and august 1, 2020.
Answers: 1
Business, 21.06.2019 21:40, khynia11
Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:
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Business, 22.06.2019 16:30, allytrujillo20oy0dib
Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.
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Business, 22.06.2019 19:40, Animallover100
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
On april 1, 2020, tamarisk company received a condemnation award of $447,200 cash as compensation fo...
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