Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $87,761. The Focus Company initially offered to buy the land for $109,184. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $104,662. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company

Sagot :

Answer:

Explanation:212,000

D

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.