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Sagot :
The total amount of Beta Corporation's assets after this transaction has been recorded is $440,000.
Given:
170,000 (assets prior to transaction) + 300,000 (land) - (30,000) cash =$440,000.
What is Assets?
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Assets are reported on a company's balance sheet. They are bought or created to increase a firm's value or benefit the firm's operations.
Therefore, we can conclude that the Beta Corporation's assets after this transaction has been recorded is $440,000.
I understand that the question you are looking for is :
Beta Corporation purchased $300,000 worth of land by paying 30,000 cash and signing a $270,000 mortgage. Immediately prior to this transaction the corporation had assets, liabilities, and owners' equity in the amounts of $170,000, $40,000, and $130,000 respectively. What is the total amount of Beta Corporation's assets after this transaction has been recorded?
$440,000
$70,000
$500,000
$200,000
$470,000
Learn more about Assets on:
brainly.com/question/24534918
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