Oriole Company acquires land for $86300 cash. Additional costs are as follows: Removal of shed Filling and grading Salvage value of lumber of shed Broker commission Paving of parking lot Closing costs $290 O $97800. O $87980. O $89640. O $89900. 1500 130 1130 11500 550 Oriole will record the acquisition cost of the land as

Oriole Company acquires land for $86300 cash. Additional costs are as follows: Removal of shed Filling and grading Salvage value of lumber of shed Broker commission Paving of parking lot Closing costs $290 O $97800. O $87980. O $89640. O $89900. 1500 130 1130 11500 550 Oriole will record the acquisition cost of the land as

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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