The following expenditures were incurred by Rosenberg Construction in purchasing land: cash price 64,000, accrued taxes 3,000,
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The following expenditures were incurred by Rosenberg Construction in purchasing land: cash price €64,000, accrued taxes €3,000, attorneys’ fees €2,500, real estate broker’s commission €2,000, and clearing and grading €4,400. What is the cost of the land?
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Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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