Land Is Purchased for $456,000

question 142

Multiple Choice

Land is purchased for $456,000.Additional costs include a $30,300 fee to a broker,a survey fee of $3,400,$2,750 to construct a fence,and a legal fee of $12,500.What is the cost of the land?

• A)$456,000
• B)$486,300
• C)$502,200
• D)$504,950

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Definitions:

Direct Claim

A request or demand for a payment or remedy, often in the context of customer service or insurance, which is straightforward and to the point.

Polite Statement

A form of communication that shows respect to the receiver, often used to maintain a positive relationship.

Routine Inquiry

A standard request for information or clarification on a common topic or issue, often conducted in a formal or business setting.

Goodwill

The intangible asset that arises as a result of the acquisition of one company by another for a premium value, as well as a general feeling of kindness or support.