Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $2,000,000. According to independent appraisals, the fair values were $840,000 (building A) and $525,000 (building B) for the buildings and $735,000 for the land. Required: Determine the initial valuation of the buildings and the land. Asset Initial Valuation

Land

Building A

Building B

Total

Why might a business based on a fad be a good idea? question 2 options: fads bring in the most customers. some fads are longer lasting than expected. fads have made some business owners incredibly wealthy. fads can take a business in a new direction.

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors