Graduation CI x Bb Course Docun X ch09.pptx X * 1. January 24 x WileyPLUS X *ch09_inventor BSG Corporat Cengage Digit x Microsoft Wor x Secure | https://edugen.wileyplus.com/edugen/student/mainfr.uni Home Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment > Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION 1 BACK NEXT ASSIGNMENT RESOURCES Ch 9 HW practice Exercise 9-9 Brief Exercise 9-2 Phil Collins Realty Corporation purchased a tract of unimproved land for $55,000. This land was improved and subdivided into building lots at an additional cost of $34,460. These building Brief Exercise 9-4 lots were all of the same size but owing to differences in location were offered for sale at different prices as follows. Brief Exercise 9-6 Brief Exercise 9-10 Group No. of Lots Price per Lot Brief Exercise 9-13 9 $3,000 Exercise 9-2 15 4,000 Exercise 9- 2,400 Exercise 9- Exercise 9-14 Exercise 9-17 Operating expenses for the year allocated to this project total $18,200. Lots unsold at the year-end were as follows. Exercise 9-26 Group 1 5 lots Review Score Group 2 7 lots Review Results by Study Group 3 2 lots Objective At the end of the fiscal year Phil Collins Realty Corporation instructs you to arrive at the net income realized on this operation to date. (Round ratios for computational purposes to 4 decimal places, e.g. 78.7234% and final answer to 0 decimal places, e.g. 5,845.) Net income LINK TO TEXT Question Attempts: 0 of 15 used SAVE FOR LATER SUBMIT ANSWER License Agreement | Privacy Policy | @ 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.11.5 O 11:47 027