Ch12_qs03 - Percentage Apportioned Value of Total Cost...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATSQuick Study 12-3 Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Schedule M1 M5:R28 General Journal U1 U5:Y27 Given Data AB1
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REPORT REFERENCE General Journal U1 Given Data AB1 0 0 SPATSQuick Study 12-3 Lestok Company Schedule Land Building Total Appraised Value Ratio of individual appraised value to total appraised value. * Allocation of Purchase Price: Appraised
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Unformatted text preview: Percentage Apportioned Value of Total Cost REPORT REFERENCE Schedule M1 Given Data AB1 SPATSQuick Study 12-3 Lestok Company General Journal Trans. Date Account Titles no. Debit Credit Given Data: Lestok Company Purchase price for land and building $540,000 Building Appraised value 180,000 Land Appraised value 320,000 Cash payment 85,000 Prepare a calculation showing the allocation of the total cost among the three purchased assets. Present the journal entry to record the purchase....
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This note was uploaded on 08/22/2009 for the course ACCT 1202 taught by Professor Carmendima during the Winter '06 term at Niagara College.

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Ch12_qs03 - Percentage Apportioned Value of Total Cost...

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