Q: Name some intangible assets.
A: An Assets is something carrying economic benefits that are owned and controlled by an entity.…
Q: What are land improvements?
A:
Q: journal entry for purchase of the land.
A: Cost of a fixed asset include all costs incurred to bring the asset into present location and…
Q: Why don’t we depreciate land? What are land improvements? Why do we record land and land…
A: Why don’t we depreciate land? Land is not depreciated as it has unlimited years of service ( useful)…
Q: Explain the Costs of Defending Intangible Rights.
A: Intangible assets are the assets that cannot be seen physically, but its' presence in business have…
Q: how the value of the property is established through an appraisal?
A: Appraisal of a property is done to understand the highest probable price for a property and to…
Q: Explain the term Land Contracts?
A: Land contracts: A land contract is an arrangement of vendor financing. It is alike to a loan, but…
Q: Which of the following assets should be a. land.
A: Amortization is an accounting practice that lowers the book value of an intangible asset over a…
Q: Tn real estate question
A: An affiliate broker is a person who is licensed and works as an agent but not working in his or her…
Q: Example or what are the transactions that will increase "land"?
A: The balance sheet represents the financial position of the business with its assets and liabilities.…
Q: What does General requirements for loan closing of land development?
A: The last step in financing or buying any land is known as the closing of a loan. The term settlement…
Q: ation will such be a Property, plant, and lotes payable
A: Sr No. Particulars Type of Account Type of organisation 1 Property, Plant & Equipment Fixed…
Q: Distinguish between the cost of land and the cost of land improvements with example.
A: Land improvements means any type of alteration to the land to make it more usable. Land improvements…
Q: why is land being depreciated
A: Given in the question: Land was purchased on September 1, 2016 for $150,000 for cash by Hand Creamy…
Q: Which of the following includes only intangible assets? Group of answer choices A)Natural resources,…
A: Intangible assets are those assets which are not physical in nature.
Q: what are the different types of intangible assets and give examples of each
A: Intangible assets: These are the long-term assets that are not physical in nature, but possess…
Q: purchase of land is a financing activity
A: There are three main activities is determined under the statement of cash flows, cash from operating…
Q: Define Donated Assets.
A: Donated assets are the assets donated to governmental or non profit entity without any consideration…
Q: be recorded as the cost of the land?
A: Assets: Assets are those items that provide value for money and future economic benefit for an…
Q: give the definition, recognition, measurement and derecognition of investment property
A: Speculation property are going to be property (tructure or part of a structure each) control (by the…
Q: What are some of the physical considerations that a developer should be concerned with when…
A: Purchasing real estate like land requires huge capital expenditure, so the investor always takes…
Q: Definition of Land Improvements
A:
Q: What are some examples of tangible and intangible assets?
A: Introduction:- Assets are mainly categories into two types based on the existence. these are as…
Q: Why was land registration a critical issue in maintaining property rights?
A: The primary goal of property rights, as well as their primary accomplishment, is to eliminate…
Q: What does Lender Requirements in Financing Land Development?
A: The question is based on the concept of lend development loan provided by financial institution.…
Q: Explain Intangible assets.
A: An asset refers to the property which is owned by the company. An asset can be classified into…
Q: Discuss the nature of acquiring fixed assets?
A: Fixed assets are one of the major investments of a company and this covers the huge part of the…
Q: How do land improvements differ from land?
A: Land improvement: Improvements are made on a plot of land in order to make it more usable. These…
Q: Define cost of land.
A: Land improvements: They are the improvements that are made to a plot of land to make it more usable.…
Q: What is the Characterization of the Land Development Business?
A: Land development : Land development is method of transformation or developing the land into a…
Q: Cost Go Into Your Land definition
A: Property, Plant, and Equipment: Property, Plant, and Equipment refers to the fixed assets, having a…
Q: Why It’s important to distinguish between the cost of land and the cost of land improvement?
A: The cost of land and cost of land improvements are to distinguished and are to be recorded…
Q: Briefly explain why land does not depreciate.
A: Depreciation is reduced in the value of assets due to natural ability to decrease due to continuous…
Q: Explain Land Acquisition and Development Costs?
A: Land acquisition: It is the process by which the government acquires private property for a public…
Q: Determine the missing Land balance.
A: Accounting Equation: The accounting equation indicates that a company's total assets are equal to…
Q: Differentiate between tangible and intangible assets?
A: Tangible assets are those assets which appear in the physical form and it is measurable. Assets like…
Q: Explain Depreciable Property?
A: Accordance with the IRS (internal revenue service) rule, any asset which is eligible for the…
Q: nd u
A: Yes, there items of private properties that should be own privately like home and land and…
Q: What are the intangible assets? Give some examples?
A: Classification of Assets Assets can be classified in to three categories which are Fixed Assets,…
Q: According to our authors, what are land improvements?
A: Land improvement- They are meant to enhance the useful life of the land.
Q: What is different between land and land improvements?
A: The land is a fixed asset that does not depreciate just like other fixed assets. Any improvement…
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- Leverage Cook Corporation issued financial statements at December 31, 2019, that include the following information: Balance sheet at December 31,2019 Assets $8,000,000 Liabilities $1,200,000 Stockholders' equity (300,000 shares) $6,800,000 Income statement for 2019: Income from operations $1,200,000 Less: Interest expense (100,000) Income before taxes $1,100,000 Less: Income taxes expense (0,30) (330,000) Net income $ 770,000 The levels of assets, liabilities, stockholders' equity, and operating income have been stable in recent years; however, Cook Corporation is planning a 51,800,000 expansion program that will increase income from operations by $350,000 to $1,550,000, Cook is planning to sell 8.5% notes at par to finance the expansion. Required: What earnings per share does Cook report before the expansion?Prince Corporations accounts provided the following information at December 31, 2019: What should be the current balance of retained earnings? a. 520,000 b. 580,000 c. 610,000 d. 670,000Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and state mcnt of cash flows: Long-term debt S 4,400 Interest expense S 398 Total liabilities 8,972 Net income 559 Total assets 38,775 Interest payments 432 Total equity 29,803 Cash flows from operations 1.015 Operating income 1.223 Income tax expenses 266 Income taxes paid 150 Required: Calculate the following ratios for Rising Stars: (a) debt to equity, (b) debt to total assets, (c) long-term debt to equity, (d) times interest earned (accrual basis), and (e) times interest earned (cash basis). (Note: Round answers to three decimal places.) CONCEPTUAL CONNECTION Interpret these results. 3.What does it mean if a bond is callable
- Begin with the partial model in the file Ch02 P21 Build a Model.xlsx on the textbooks Web site. a. Using the financial statements shown here for Lan Chen Technologies, calculate net operating working capital, total net operating capital, net operating profit after taxes, free cash flow, and return on invested capital for 2020. The federal-plus-state tax rate is 25%. b. Assume there were 15 million shares outstanding at the end of 2019, the year-end closing stock price was 65 per share, and the after-tax cost of capital was 10%. Calculate EVA and MVA for 2020. Lan Chen Technologies: Income Statements for Year Ending December 31 (Millions of Dollars) Lan Chen Technologies: December 31 Balance Sheets (Thousands of Dollars)If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity is: A. $32,000. B. $(32,000). C. $(8000). D. $8,000.Net Income and Comprehensive Income At the beginning of 2019, JR Companys shareholders equity was as follows: During 2019, the following events and transactions occurred: 1. JR recognized sales revenues of 108,000. It incurred cost of goods sold of 62,000 and operating expenses of 12,000, 2. JR issued 1,000 shares of its 5 par common stock for 14 per share. 3. JR invested 30,000 in available-for-sale securities. At the end of the year, the securities had a fair value of 35,000. 4. JR paid dividends of 6,000. The income tax rate on all items of income is 30%. Required: 1. Prepare a 2019 income statement for JR which includes net income and comprehensive income ignore earnings per share). 2. For 2016 prepare a separate (a) income statement (ignore earnings per share) and (b) statement of comprehensive income.
- Capital Stock Refer to the information for Stahl Company above. Required: What is the amount of Stahls total contributed capital at December 31, 2019?Common Dividends Thompson Payroll Service began in 2019 with 1,500,000 authorized and 820,000 issued and outstanding S8 par common shares. During 2019, Thompson entered into the following transactions: Declared a S0.20 per-share cash dividend on March 24. Paid the S0.20 per-share dividend on April 6. Repurchased 13,000 common shares for the treasury at a cost of S12 each on May 9. Sold 2,500 unissued common shares for $15 per share on June 19. Declared a $0.40 per-share cash dividend on August 1. Paid the $0.40 per-share dividend on September 14. Declared and paid a 10% stock dividend on October 25 when the market price of the common stock was $15 per share. Declared a 50.45 per-share cash dividend on November 20. Paid the $0.45 per-share dividend on December 20. Required: Prepare journal entries for each of these transactions. (Note: Round to the nearest dollar.) What is the total dollar amount of dividends (cash and stock) for the year? CONCEPTUAL CONNECTION Determine the effect on total assets and total stockholders equity of these dividend transactions.Here are comparative balance sheets for Velo Company. Velo CompanyComparative Balance SheetsDecember 31 Assets 2020 2019 Cash $73,200 $32,700 Accounts receivable 85,600 70,500 Inventory 169,800 186,600 Land 74,000 100,600 Equipment 260,500 200,100 Accumulated depreciation—equipment (65,800 ) (33,700 ) Total $597,300 $556,800 Liabilities and Stockholders’ Equity Accounts payable $35,400 $47,300 Bonds payable 151,400 203,000 Common stock ($1 par) 217,500 173,200 Retained earnings 193,000 133,300 Total $597,300 $556,800 Additional information: 1. Net income for 2020 was $104,100. 2. Cash dividends of $44,400 were declared and paid. 3. Bonds payable amounting to $51,600 were redeemed for cash $51,600. 4. Common stock was issued for $44,300 cash. 5. No…
- Pharoah Corporation’s comparative balance sheet is presented below. PHAROAH CORPORATIONBalance SheetDecember 31 Assets 2021 2020 Cash $12,010 $8,980 Accounts receivable 17,810 19,660 Land 16,800 21,840 Buildings 58,800 58,800 Accumulated depreciation—buildings (12,600 ) (8,400 ) Total $92,820 $100,880 Liabilities and Shareholders’ Equity Accounts payable $10,390 $26,120 Common shares 63,000 57,960 Retained earnings 19,430 16,800 Total $92,820 $100,880 Additional information: 1. Profit was $19,010. Dividends declared and paid were $16,380. 2. No noncash investing and financing activities occurred during 2021. 3. The land was sold for cash of $4,120 resulting in a loss of $920 on the sale of the land. Prepare a cash flow statement for 2021 using the indirect method. Lu…Rodriquez Corporation’s comparative balance sheets are presented below: RODRIQUEZ CORPORATIONComparative Balance SheetsDecember 31 2020 2019 Cash $16,500 $17,400 Accounts receivable 25,300 22,100 Investments 20,150 15,850 Equipment 59,950 69,850 Accumulated depreciation—equipment (13,850 ) (10,300 ) Total $108,050 $114,900 Accounts payable $14,850 $11,150 Bonds payable 10,600 30,100 Common stock 49,500 45,500 Retained earnings 33,100 28,150 Total $108,050 $114,900 Additional information: 1. Net income was $18,550. Dividends declared and paid were $13,600. 2. Equipment which cost $9,900 and had accumulated depreciation of $1,600 was sold for $3,300. 3. No noncash investing and financing activities occurred during 2020. Prepare a statement of cash flows for 2020 using the…Jamison Corp.'s balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020 AssetsCash $ 440,000 $ 200,000Short-term investments 600,000 —Accounts receivable (net) 1,020,000 1,020,000Inventory 1,380,000 1,200,000Long-term investments 400,000 600,000Plant assets 3,400,000 2,000,000Accumulated depreciation (900,000)…