Examlex
On January 8,2011,Safari LLP bought three buildings at a total cost of $60,000,000 by making a cash down payment of $10,000,000 and signing a 3-year note with 5% interest for the remainder.One of the buildings is in Havana,one is in Cancun,and the third is in Miami.The fair market value of the buildings,if they had been purchased separately,would have been $15,000,000,$36,000,000,and $24,000,000 respectively.
Required:
Use the relative fair market value method to determine how much of the $60,000,000 purchase price should be used for each of the three separate buildings.Write your answers on the lines provided and show your work in the space provided below each line.
$______________________ should be used for the cost of the building in Havana.
$______________________ should be used for the cost of the building in Cancun.
$______________________ should be used for the cost of the building in Miami.
Comparable Worth
The concept that jobs of equal value to an organization should receive equal pay, regardless of the gender or status of the employee.
Discrimination
Unfair or prejudicial treatment of individuals based on characteristics such as race, gender, age, or disability.
Family and Medical Leave Act
A U.S. federal law that provides employees with unpaid, job-protected leave for medical and family reasons, with continuation of group health insurance.
Unpaid
Refers to work or services performed without financial compensation.
Q66: Inventory information for Great Falls Merchandising,Inc.is provided
Q119: Put an X in the appropriate box
Q127: Explain the difference between short-term notes payable
Q137: On December 12,Occident,Ltd.,a company in Singapore,ordered merchandise
Q138: Net sales equals _.<br>A)sales minus cost of
Q139: Retained earnings is also known as earned
Q141: Which of these can best help shareholders
Q169: In the allowance method,the adjustment used to
Q220: The perpetual inventory method is a method
Q228: When analyzing the operating performance of a