Sunland company installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $12,000. Which of the following statements is true with respect to these additions?
A. $30,000 should be debited to the Land account.
B. $12,000 should be debited to Land Improvements
C. $42,000 should be debited to the Land account.
D. $42,000 should be debited to Land Improvements
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Sunland company installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $12,000. Which ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Rent for the month of January has expired. Supplies remaining at the end of January total $4,100. By the end of January, $4,175 of services has been provided to customers who paid in advance on January 17.
Answers (1)
Beckingham Sports is an American sporting goods company. Based on $400,000 spent on market research and $600,000 spent on consulting prior to the project, the firm can increase its annual operating cash flow by $3,000,000 if they begin selling
Answers (1)
Which of the following contribute (s) to shorter recessions, longer expansions, and less severe fluctuations in real GDP? A. Monetary policy B. Social Security benefits C. A service-based economy D. All of the above E. A and C only
Answers (1)
A marginal tax rate is: a. the total tax paid divided by the amount of taxable income. b. equal to a worker's income tax bracket. c. applied only to high earners under a progressive income tax system. d.
Answers (1)
A $500,000 bond issue sold for $490,000. Therefore, the bonds: Sold at a discount because the stated interest rate was higher than the market rate. Sold for the $500,000 face amount less $10,000 of accrued interest.
Answers (1)
New Questions in Business
Black Co., organized on January 2, 2016, had pretax accounting income of $500,000 and taxable income of $800,000 for the year ended December 31, 2016.
Answers (1)
You're the Chief Marketing Officer of SalonCentric, a wholesaler of hair and beauty products sold to licensed beauticians and cosmeticians through brick-and-mortar stores across the United States.
Answers (1)
Rick has been distressed over a long period of time. He has had problems coping with life and relating to people. In addition, he is often stared at or made fun of because of his bizarre appearance.
Answers (1)
People in america (one of the richest countries in the world
Answers (1)
Which is used for determining the hours of care and staff required for a group of clients?
Answers (1)