These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorneys

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These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorney’s fees $2,100; real estate broker’s commission $3,300; and clearing and grading $3,500. What is the cost of the land?

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Apr 07, 2014 11:01 AM

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These expenditures were incurred by Dunston Company in purchasing land: cash price $60,000; accrued taxes $5,000; attorneys

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Accounting Tools for Business Decision Making

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