Consecutive Balance Sheets of Crow Ltd Showed the Following Balances

question 34

Multiple Choice

Consecutive balance sheets of Crow Ltd showed the following balances:

During the year ended 30 June 2016, land was revalued upwards by $120 000, and $80 000 was borrowed to acquire land. What was the value of land purchased for cash?

• A) $50 000
• B) $130 000
• C) $170 000
• D) $250 000

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Definitions:

Peer Pressure

The impact wielded by a peer group that motivates individuals to alter their attitudes, values, or behaviors in order to align with the norms of the group.

Sexual Orientation

A lasting tendency of being emotionally, romantically, or sexually drawn to men, women, or either gender.

Identical Twins

Twins that result from a single fertilized egg splitting and developing into two individuals with exactly the same genetic material.

Environmental Factors

Elements within the external environment that can influence an individual's health, behavior, and ability to interact with the world, including natural, social, and built environments.