4. Indicate where the following items would be shown on a balance sheet. a. A lien that was attached to the land when purchased. b. Landscaping costs. c. Attorney's fees and recording fees related to purchasing land. d. Variable overhead related to construction of machinery. e. A parking lot servicing employees in the building. f. Cost of temporary building for workers during construction of building. g. Interest expense on bonds payable incurred during construction of a building. h. Assessments for sidewalks that are maintained by the city. i. The cost of demolishing an old building that was on the land when purchased.

4. Indicate where the following items would be shown on a balance sheet. a. A lien that was attached to the land when purchased. b. Landscaping costs. c. Attorney's fees and recording fees related to purchasing land. d. Variable overhead related to construction of machinery. e. A parking lot servicing employees in the building. f. Cost of temporary building for workers during construction of building. g. Interest expense on bonds payable incurred during construction of a building. h. Assessments for sidewalks that are maintained by the city. i. The cost of demolishing an old building that was on the land when purchased.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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