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April 24, 2014

Homework Help: Inter. acct.

Posted by Sandy on Monday, December 5, 2011 at 12:40pm.

You have been retained as a consultant by the company’s Audit Committee of the Board of Director’s, and asked to research three separate issues. First the typical acquisition costs associated with land purchases. Use the facts presented in Exercise 10-1 to illustrate your response. Next when describing the amount recorded for an operational asset required in exchanged for a deferred payment contract (note payable), use facts given in Exercise 10-9 as an illustration. Finally for your discussion of how to the determine the amount to record for an operational asset acquired by a nonmonetary exchange, use facts given in Exercise 10-14 as an illustration

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