Question: Required a . Compute the amount to be recorded on the books for each asset. b . Show the purchase in a horizontal statements model.
Required
a Compute the amount to be recorded on the books for each asset.
b Show the purchase in a horizontal statements model.
Complete this question by entering your answers in the tabs below.
Show the purchase in a horizontal statements model.
Note: In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change ir
and cash outflows with a minus sign. Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.Exercise A Algo Allocating costs for a basket purchase LO
Pitney Company purchased an office building, land, and furniture for $ cash. The appraised value of the assets was as follows:
Required
a Compute the amount to be recorded on the books for each asset.
b Show the purchase in a horizontal statements model.
Complete this question by entering your answers in the tabs below.
Compute the amount turuired B sed on the books for each asset.
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar.
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