Cowboy development incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: sale price of the land $400,000 sale of salvaged parts already on land $20,000 demolition of the old building $30,000 ground breaking ceremony (food and supplies) $1,500 land preparation and leveling $7,500what amount should be recorded for the purchase of the land?
$437,500.
$417,500.
$439,000.
$419,000.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery