Use the Following Information for Questions

question 37

Multiple Choice

Use the following information for questions
Parry Co.purchased land as a factory site for $500,000.Parry paid $20,000 to tear down two buildings on the land.Salvage was sold for $2,700.Legal fees of $1,740 were paid for title investigation and making the purchase.Architect's fees were $20,600.Title insurance cost
$1,200, and liability insurance during construction cost $1,300.Excavation cost $5,220.The contractor was paid $1,200,000.An assessment made by the city for pavement was $3,200.Interest costs during construction were $85,000.
-The cost of the land that should be recorded by Parry Co.is

• A)$520,240.
• B)$523,440.
• C)$524,940.
• D)$528,140.

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Definitions:

Belief

An acceptance that something exists or is true, especially without proof, or the mental acceptance of and conviction in the truth, actuality, or validity of something.

Self-Disclosure

The act of revealing personal information about oneself to others.

Kinesics

The study of body movement, expression, and gestures as a form of non-verbal communication.

Proxemics

The study of human use of space and the effects that population density has on behavior, communication, and social interaction.